NJ Life Insurance Exam Questions with Answers (Latest Update)

NJ Life Insurance Exam Questions with Answers (Latest Update)
Question : Which of the following is a business agreement
that provides for a surviving business partner to buy out
another at his or her death? Select one: a. Survivorship Life b.
Buy-Sell agreement c. Estate Endowment Life d. Decreasing
Term insurance
CORRECT ANSWER: b. Buy-Sell agreement
Question : Which is NOT a right of ownership in a life
insurance policy? Select one: a. Receiving dividends b. Using
the policy as collateral for a bank loan c. Changing
irrevocable beneficiaries d. Changing settlement options
CORRECT ANSWER: c. Changing irrevocable
beneficiaries
Question : Which policy requires premium payments for the
longest period of time? Select one: a. Retirement Income
Endowment insurance b. Limited-Pay Whole Life insurance
c. Decreasing Term insurance d. Whole Life insurance
CORRECT ANSWER: d. Whole Life insurance

NJ Life Insurance Exam,NJ Life Insurance Test,NJ Life Insurance Flashcard,NJ Life Insurance quiz,NJ Life Insurance Practice,NJ Life Insurance Practice test,NJ Life Insurance Practice flashcard,NJ Life Insurance Practice exam,NJ Life Insurance Study guide,NJ Life Insurance Practice questions,NJ Life Insurance Questions,NJ Life Insurance Practice questions and answers,NJ Life Insurance Questions and answers,NJ Life Insurance pdf,NJ Life Insurance quizlet,NJ Life Insurance reddit,NJ Life Insurance Answer sheet,NJ Life Insurance Answer key,NJ Life Insurance Pdf free,NJ Life Insurance Exam help,NJ Life Insurance Cheat sheet,NJ Life Insurance quiz bank,NJ Life Insurance Questions bank,NJ Life Insurance Practice Guide,NJ Life Insurance Guide,NJ Life Insurance Testbank,NJ Life Insurance Practice Answers,NJ Life Insurance Answers,NJ Life Insurance Exam prep,NJ Life Insurance Prep,NJ Life Insurance Pdf download,NJ Life Insurance Flashcards,NJ Life Insurance Real questions,NJ Life Insurance Actual questions,NJ Life Insurance Real Questions and answers,NJ Life Insurance Actual Questions and answers,NJ Life Insurance Exam review,NJ Life Insurance Review,NJ Life Insurance Exam questions,NJ Life Insurance Exam questions and answers,NJ Life Insurance Practice test pdf,NJ Life Insurance Practice test quizlet,NJ Life Insurance Practice test Reddit,NJ Life Insurance Practice test quizlet multiple choice,NJ Life Insurance Exam study guide,NJ Life Insurance Practice test free,NJ Life Insurance Test questions,NJ Life Insurance Exam study guide,NJ Life Insurance Practice exam free,NJ Life Insurance Practice tests free,NJ Life Insurance Exam practice test,NJ Life Insurance Exam test questions,NJ Life Insurance Exam questions and answers,NJ Life Insurance Exam practice test