Hi Guys...exam Insurance Licensing NJ-Life-Producer is not that difficult as some people says, i wrote it and i passed it with high scores
Exam Code: NJ-Life-Producer
Exam Name: New Jersey Life Producer Exam
Updated: Jul 19, 2026
Q & A: 95 Questions and Answers
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1. Which of the following transactions would not be subject to income tax under a Modified Endowment Contract (MEC)?
A) Policy loans.
B) Policy withdrawals.
C) Dividend surrenders.
D) The death benefit.
2. An insurer who is placed under an order of liquidation by a court of competent jurisdiction is defined under the terms of the New Jersey Life and Health Insurance Guaranty Association Act as
A) An incompetent insurer.
B) An impaired insurer.
C) A bankrupt insurer.
D) An insolvent insurer.
3. If a producer makes a sales proposal or presentation that fails to fairly and fully disclose future premium charges, benefits, and any options included in the policy, the producer may be found guilty of
A) Coercion.
B) Misrepresentation.
C) Twisting.
D) Fraud.
4. All of the following items may be considered forms of advertising for life insurance EXCEPT
A) Audiovisual materials.
B) Informational brochures.
C) Buyer's Guides.
D) Sales presentations.
5. Mortgage redemption or cancellation insurance is a form of what type of insurance?
A) Level premium universal life.
B) Level premium whole life.
C) Increasing term.
D) Decreasing term.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: D |
Hi Guys...exam Insurance Licensing NJ-Life-Producer is not that difficult as some people says, i wrote it and i passed it with high scores
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