New Jersey Life and Health Final Exam Actual
Questions and Verified Answers (2026/2027)/ A+
GRADE COMPLETE
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?
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?
Agent's commission rate
What is the maximum fine for a producer violating a New Jersey Insurance law
for the first time?
$5,000
How long must an individual be unable to engage in any gainful activity due
physical or mental disability in order to qualify for Social Security Total Disability?
12 months
Sonya applied for a health insurance policy on April 1. Her agent submitted the
information to the insurance company on April 6. She paid the premium on May
15 with the policy indicating the effective date being May 30. On which date
would Sonya have coverage?
May 30
Questions and Verified Answers (2026/2027)/ A+
GRADE COMPLETE
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?
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?
Agent's commission rate
What is the maximum fine for a producer violating a New Jersey Insurance law
for the first time?
$5,000
How long must an individual be unable to engage in any gainful activity due
physical or mental disability in order to qualify for Social Security Total Disability?
12 months
Sonya applied for a health insurance policy on April 1. Her agent submitted the
information to the insurance company on April 6. She paid the premium on May
15 with the policy indicating the effective date being May 30. On which date
would Sonya have coverage?
May 30
