1|Page
FINAL EXAM – NEW JERSEY LIFE AND HEALTH
INSURANCE 2025/2026 | ACTUAL REAL EXAM TEST
BANK WITH 4 COMPLETE VERSIONS | 100%
VERIFIED QUESTIONS AND ANSWERS | EXPERT
VERIFIED FOR GUARANTEED PASS | LATEST
UPDATED VERSION
Which type of long-term care benefit would be most appropriate for a stroke victim who requires
speech therapy administered at her home?
Home health care
Which of the following is NOT a federal requirement of a qualified plan?
Employee must be able to make unlimited contributions
Why are dividends from a mutual insurer not subject to taxation?
Because dividends are considered to be a return of premium
The treasurer of XYZ Insurance Company discovers that the treasurer's company is being
investigated by the Banking and Insurance Commissioner...
Making false financial statements
Which type of rider will waive the premium on a child's life insurance policy if the parent paying
the premium dies?
Payor benefit
Which of these premium payment frequencies is not typically available to a policy owner?
Bi-weekly
Maria the agent would like to advertise an annuity product on a highway billboard. Which of the
following must be included in the advertisement?
Her name
Which disability policy provision would address any concerns of the value of the benefits
decreasing over time?
Cost of living benefit
Which of these is NOT a characteristic of the Accelerated Death Benefit option?
, 2|Page
The benefit can be offered as a rider at a specific extra cost or may be at no cost
All of the following are included as part of a contract in the entire contract provision EXCEPT
the
Changes made by the producer
The power given to an individual producer that is not specifically addressed in his/her contract is
considered what type of authority?
Implied
Pat is insured with a life insurance policy and Karen is his primary beneficiary. They are both
involved in an automobile accident where Pat dies instantly and Karen dies 5 days later...
Common disaster clause
Key Person Disability Insurance pays benefits to the
Employer
Under a disability income policy, which provision would be payable if the cause of an injury is
unexpected and accidental?
Accidental bodily injury provision
What will the beneficiary receive if an annuitant dies during the accumulation period?
The greater of the accumulated cash value or the total premium paid
Written notice for a health claim must be given to the insurer ___ days after the occurrence of the
loss.
20
Craig submits a $500 claim for medical expenses. With a past due premium of $100, the insurer
pays $400. Which of the Uniform Optional Provisions covers this situation?
Unpaid premium
How many employees must an employer have for a terminated employee to be eligible for
COBRA?
20
A licensed producer is required to file notice of any change of address within how many days?
30
Advertising material for a life insurance policy does NOT need to contain which of the
following?
FINAL EXAM – NEW JERSEY LIFE AND HEALTH
INSURANCE 2025/2026 | ACTUAL REAL EXAM TEST
BANK WITH 4 COMPLETE VERSIONS | 100%
VERIFIED QUESTIONS AND ANSWERS | EXPERT
VERIFIED FOR GUARANTEED PASS | LATEST
UPDATED VERSION
Which type of long-term care benefit would be most appropriate for a stroke victim who requires
speech therapy administered at her home?
Home health care
Which of the following is NOT a federal requirement of a qualified plan?
Employee must be able to make unlimited contributions
Why are dividends from a mutual insurer not subject to taxation?
Because dividends are considered to be a return of premium
The treasurer of XYZ Insurance Company discovers that the treasurer's company is being
investigated by the Banking and Insurance Commissioner...
Making false financial statements
Which type of rider will waive the premium on a child's life insurance policy if the parent paying
the premium dies?
Payor benefit
Which of these premium payment frequencies is not typically available to a policy owner?
Bi-weekly
Maria the agent would like to advertise an annuity product on a highway billboard. Which of the
following must be included in the advertisement?
Her name
Which disability policy provision would address any concerns of the value of the benefits
decreasing over time?
Cost of living benefit
Which of these is NOT a characteristic of the Accelerated Death Benefit option?
, 2|Page
The benefit can be offered as a rider at a specific extra cost or may be at no cost
All of the following are included as part of a contract in the entire contract provision EXCEPT
the
Changes made by the producer
The power given to an individual producer that is not specifically addressed in his/her contract is
considered what type of authority?
Implied
Pat is insured with a life insurance policy and Karen is his primary beneficiary. They are both
involved in an automobile accident where Pat dies instantly and Karen dies 5 days later...
Common disaster clause
Key Person Disability Insurance pays benefits to the
Employer
Under a disability income policy, which provision would be payable if the cause of an injury is
unexpected and accidental?
Accidental bodily injury provision
What will the beneficiary receive if an annuitant dies during the accumulation period?
The greater of the accumulated cash value or the total premium paid
Written notice for a health claim must be given to the insurer ___ days after the occurrence of the
loss.
20
Craig submits a $500 claim for medical expenses. With a past due premium of $100, the insurer
pays $400. Which of the Uniform Optional Provisions covers this situation?
Unpaid premium
How many employees must an employer have for a terminated employee to be eligible for
COBRA?
20
A licensed producer is required to file notice of any change of address within how many days?
30
Advertising material for a life insurance policy does NOT need to contain which of the
following?
