Free Insurance Licensing NJ-Life-Producer Exam Dumps Questions & Answers

Why would a policyowner purchase a term rider for their existing policy?

• A.  To guarantee the premium amount throughout the life of the policy.
• B.  To reduce the premium payment period.
• C.  To provide protection in case the insurer refused to pay the benefits of the policy.
• D.  To add additional death benefits.

Which of the following statements is correct about life insurance proceeds paid to a named beneficiary?

• A.  They are subject to excise taxes.
• B.  They must be paid in a lump sum.
• C.  They are held until the insured's will is probated.
• D.  They are exempt from claims of the insured's creditors.

Which of the following statements is correct about an employment agreement between two producers?

• A.  It must be witnessed by two disinterested parties.
• B.  A copy must be filed with each producer's attorney.
• C.  It is nonbinding.
• D.  It must be in writing.

According to New Jersey law, copies of insurance advertisements must be maintained

• A.  At the company's office.
• B.  On the producer's computer.
• C.  At the producer's office.
• D.  By the Department of Banking and Insurance.

Continuing education credits may be earned for completing which of the following courses?

• A.  CLU designation courses.
• B.  Personal motivation courses.
• C.  Salesmanship courses.
• D.  Prelicensing examination courses.