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Last Updated: Aug 21, 2026

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Insurance Licensing NJ-Life-Producer Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Types of Life Insurance Policies20-25%- Combination Plans & Policy Variations
- Interest-Sensitive & Universal Life Products
- Term Life Insurance
- Traditional Whole Life Products
- Annuities & Retirement Products
Topic 2: New Jersey Insurance Laws, Rules & Regulations20-25%- Licensing Requirements & Procedures
- Trade Practices & Unfair Trade Laws
- State Regulatory Framework & Jurisdiction
- Policy Replacement & Disclosure Rules
- Ethics, Fiduciary Duty & Consumer Protection
Topic 3: Application, Underwriting & Policy Delivery10-15%- Policy Delivery & Legal Responsibilities
- Do Not Call & Privacy Regulations
- Underwriting Process & Risk Classification
- Completing the Application & Disclosure Requirements
Topic 4: Policy Riders, Provisions, Options & Exclusions20-25%- Beneficiary Designations & Settlement Options
- Required & Optional Policy Provisions
- Policy Exclusions & Limitations
- Common Policy Riders
Topic 5: Taxes, Retirement & Advanced Concepts15-20%- Social Security & Government Benefits
- Retirement Plans & Tax Treatment
- Business Insurance & Third-Party Ownership
- Group Life Insurance

Insurance Licensing New Jersey Life Producer Sample Questions:

1. In order to receive fees other than commissions from a life insurance prospect, an insurance producer acting as a consultant must first

A) Obtain a written commitment from the prospect to purchase new life insurance.
B) Present a Comparative Information form to the prospect.
C) Obtain a signed written memorandum from the prospect stating the amount of compensation.
D) Present a Notice Regarding Replacement of Life Insurance form to the prospect.


2. The free look period for an annuity purchased from a local agent is at least

A) 30 days, and not more than 45 days, from the date of policy delivery.
B) 45 days, and not more than 60 days, from the date of policy delivery.
C) 15 days, and not more than 45 days, from the date of policy delivery.
D) 10 days, and not more than 30 days, from the date of policy delivery.


3. The 1944 U.S. v. South-Eastern Underwriters Association case determined that

A) Insurance companies that transact insurance business are subject to the same regulations as banks and savings and loan associations.
B) Individuals who transact insurance business are subject to the same regulations as investment brokers.
C) Insurance is commerce and should be subject to federal regulation.
D) Insurance is commerce and should be subject to state regulation.


4. When can the beneficiary be changed in a life insurance policy?

A) The insurer determines specified dates within the policy to allow for changes.
B) The beneficiary can never be changed once the policy is issued.
C) A beneficiary change can occur upon the request of the revocable beneficiary.
D) The insured can usually change the beneficiary at any time during the policy term.


5. What is the purpose of the Accelerated Death Benefit Rider?

A) To adjust the death benefit to keep up with inflation.
B) To decrease the tax liability of the insured's estate.
C) To increase the death benefit by a stated percentage.
D) To provide for the early payment of the death benefit for a terminally ill insured.


Solutions:

Question # 1
Answer: C
Question # 2
Answer: D
Question # 3
Answer: C
Question # 4
Answer: D
Question # 5
Answer: D

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