NJ TITLE PRODUCER CERTIFICATION
EVALUATION TEST 2026 FULL QUESTIONS AND
CORRECT ANSWERS ALREADY PASSED
GRADED A+
◉ In life insurance, insurable interest must exist at the time the..
Answer: Producer writes an on a proposed insured
◉ An applicant makes an offer to the insurer when they Answer: pay
an initial premium with the application
◉ Which of the following makes Universal Life insurance different
from other forms of permanent insurance? Answer: Premium
Schedule
◉ An insurer that shares its profits with its' policyowners is known
as.. Answer: A mutual insurer
◉ Statements made by an applicant for insurance on the application
are considered to be.. Answer: Representations
◉ In which of the following are proceeds left with the insurer and
earnings sent to the beneficiary? Answer: Interest-Only
,◉ The primary purpose of an annuity is to.. Answer: Provide income
for retirement
◉ Which of the following provisions in a life policy specifies the
manner in which proceeds will be paid to a beneficiary on the death
of insured? Answer: settlement options
◉ An insurance producer takes an application for a life policy but
does not collect the initial premium. On delivery of policy to the
proposed insured, the producer must collect the initial premium and
which of the following? Answer: The insured's signed statement of
continued good health
◉ A report of previously submitted life insurance applications to
other insurers is known as: Answer: A Medical Information Bureau
report
◉ A company decides to purchase Key Employee life insurance for
its vice president of operations. All of the following statements are
correct EXCEPT the.. Answer: Employee names the beneficiary
◉ Which of the following features allows an insurance policy to
remain in force for a specified number of days beyond the premium
due date? Answer: Grace period provision
, ◉ which of the following prevents the producer from unilaterally
amending a policy? Answer: Entire contract
◉ interest paid on a policy loan is.. Answer: not tax deductible
◉ An employer paid life insurance policy is called Answer: Non-
contributory group life
◉ A tax free exchange of one life insurance policy or annuity for
another is called.. Answer: 1035 exchange
◉ Which of the following group life plans require at least 75% of the
eligible members to participate? Answer: Contributory
◉ Two business partners own life insurance on each other. If one
partner dies, which of the following contracts will allow the other
partner to buy 100 percent of the business interest? Answer: Buy
and Sell agreement
◉ Under a traditional IRA, owners must begin to receive payments
from their accounts by the time they reach age.. Answer: 70 1/2
EVALUATION TEST 2026 FULL QUESTIONS AND
CORRECT ANSWERS ALREADY PASSED
GRADED A+
◉ In life insurance, insurable interest must exist at the time the..
Answer: Producer writes an on a proposed insured
◉ An applicant makes an offer to the insurer when they Answer: pay
an initial premium with the application
◉ Which of the following makes Universal Life insurance different
from other forms of permanent insurance? Answer: Premium
Schedule
◉ An insurer that shares its profits with its' policyowners is known
as.. Answer: A mutual insurer
◉ Statements made by an applicant for insurance on the application
are considered to be.. Answer: Representations
◉ In which of the following are proceeds left with the insurer and
earnings sent to the beneficiary? Answer: Interest-Only
,◉ The primary purpose of an annuity is to.. Answer: Provide income
for retirement
◉ Which of the following provisions in a life policy specifies the
manner in which proceeds will be paid to a beneficiary on the death
of insured? Answer: settlement options
◉ An insurance producer takes an application for a life policy but
does not collect the initial premium. On delivery of policy to the
proposed insured, the producer must collect the initial premium and
which of the following? Answer: The insured's signed statement of
continued good health
◉ A report of previously submitted life insurance applications to
other insurers is known as: Answer: A Medical Information Bureau
report
◉ A company decides to purchase Key Employee life insurance for
its vice president of operations. All of the following statements are
correct EXCEPT the.. Answer: Employee names the beneficiary
◉ Which of the following features allows an insurance policy to
remain in force for a specified number of days beyond the premium
due date? Answer: Grace period provision
, ◉ which of the following prevents the producer from unilaterally
amending a policy? Answer: Entire contract
◉ interest paid on a policy loan is.. Answer: not tax deductible
◉ An employer paid life insurance policy is called Answer: Non-
contributory group life
◉ A tax free exchange of one life insurance policy or annuity for
another is called.. Answer: 1035 exchange
◉ Which of the following group life plans require at least 75% of the
eligible members to participate? Answer: Contributory
◉ Two business partners own life insurance on each other. If one
partner dies, which of the following contracts will allow the other
partner to buy 100 percent of the business interest? Answer: Buy
and Sell agreement
◉ Under a traditional IRA, owners must begin to receive payments
from their accounts by the time they reach age.. Answer: 70 1/2
