1/11/26, 6:22 PM New Jersey life insurance exam (NJ) Questions & Answers | Latest Already Graded A+ New Jersey Life Insurance Only Final Exam…
New Jersey life insurance exam (NJ) Questions &
Answers | Latest Already Graded A+ New Jersey
Life Insurance Only Final Exam
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Terms in this set (49)
adhesion (take it or leave it) no changing the contract. take it
as is.
aleatory contract (uneven) You will never pay as much in premium as
what you get in coverage
peril died of a certain way
https://quizlet.com/1129329177/new-jersey-life-insurance-exam-nj-questions-answers-latest-already-graded-a-new-jersey-life-insurance-only-final-exa… 1/6
, 1/11/26, 6:22 PM New Jersey life insurance exam (NJ) Questions & Answers | Latest Already Graded A+ New Jersey Life Insurance Only Final Exam…
Hazard cause of loss
Variable Universal Life requires FINRA license
the difference between insure vs. Insure (must pay policy benefit "the company")
insured insured (the customer)
S & P 500 Equity index annuity would have a minimum
guaranteed interest rate, but may have a higher
rate of return
who must sign application of Owner, insured, and agent all three must sign
insurance
Differed compensation plans an example of a non qualified retirement plan
Qualified retirement plans Keogh, 401K, IRA
conditional receipt serves as proof that the agent confirmed the
insurance company will fully insure the applicant
accelerated living benefit pays out death benefit while alive due to illness live
threatning reason
convertible insurance the type of policy that can be changed from one
that doen't usually have cash value to one that
does
uniform simultaneous death act under the common disaster clause if it can't be
determined who died first it is assumed the
beneficiary
https://quizlet.com/1129329177/new-jersey-life-insurance-exam-nj-questions-answers-latest-already-graded-a-new-jersey-life-insurance-only-final-exa… 2/6
New Jersey life insurance exam (NJ) Questions &
Answers | Latest Already Graded A+ New Jersey
Life Insurance Only Final Exam
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Terms in this set (49)
adhesion (take it or leave it) no changing the contract. take it
as is.
aleatory contract (uneven) You will never pay as much in premium as
what you get in coverage
peril died of a certain way
https://quizlet.com/1129329177/new-jersey-life-insurance-exam-nj-questions-answers-latest-already-graded-a-new-jersey-life-insurance-only-final-exa… 1/6
, 1/11/26, 6:22 PM New Jersey life insurance exam (NJ) Questions & Answers | Latest Already Graded A+ New Jersey Life Insurance Only Final Exam…
Hazard cause of loss
Variable Universal Life requires FINRA license
the difference between insure vs. Insure (must pay policy benefit "the company")
insured insured (the customer)
S & P 500 Equity index annuity would have a minimum
guaranteed interest rate, but may have a higher
rate of return
who must sign application of Owner, insured, and agent all three must sign
insurance
Differed compensation plans an example of a non qualified retirement plan
Qualified retirement plans Keogh, 401K, IRA
conditional receipt serves as proof that the agent confirmed the
insurance company will fully insure the applicant
accelerated living benefit pays out death benefit while alive due to illness live
threatning reason
convertible insurance the type of policy that can be changed from one
that doen't usually have cash value to one that
does
uniform simultaneous death act under the common disaster clause if it can't be
determined who died first it is assumed the
beneficiary
https://quizlet.com/1129329177/new-jersey-life-insurance-exam-nj-questions-answers-latest-already-graded-a-new-jersey-life-insurance-only-final-exa… 2/6
