Insurance Licensing NJ-Life-Producer 덤프구매전 한국어 온라인상담서비스부터 구매후 덤프 무료 업데이트버전제공 , Insurance Licensing NJ-Life-Producer시험불합격시 덤프비용 전액환불 혹은 다른 과목으로 교환 등 저희는 구매전부터 구매후까지 철저한 서비스를 제공해드립니다. Insurance Licensing NJ-Life-Producer 덤프는 인기덤프인데 지금까지 덤프를 구매한후 환불신청하신 분은 아직 없었습니다.
| Section | Objectives |
|---|---|
| Policy Riders, Provisions, Options, and Exclusions | - Policy Exclusions - Policy Provisions and Options - Policy Riders |
| State Laws, Rules, and Regulations | - Marketing Practices - New Jersey Insurance Regulations - Ethics and Consumer Protection - Producer Licensing Requirements |
| Retirement and Other Insurance Concepts | - Qualified Plans - Life Insurance Needs Analysis - Retirement Plans |
| Types of Policies | - Interest-Sensitive Life Products - Annuities - Term Life Insurance - Traditional Whole Life Products - Combination Plans and Variations |
| Completing the Application, Underwriting, and Delivering the Policy | - Application Process - Underwriting - Policy Delivery |
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질문 # 57
A type of life insurance policy that provides for payment of the face amount at the end of the specified period if the insured is still alive is
정답：D
설명：
An endowment policy pays the face amount either when the insured dies during the policy period or when the insured survives to the end of the specified endowment period. The survival payment is what separates an endowment from ordinary term or whole life insurance. Term life pays only if death occurs during the term.
Whole life pays at death or maturity based on the policy structure, but the standard exam phrase "payment of the face amount at the end of a specified period if the insured is still alive" identifies an endowment.
Universal life is flexible-premium permanent insurance with adjustable features, not specifically a survival-to- period-end face amount contract. Modified life refers to a premium pattern, usually lower initial premiums followed by higher later premiums. A juvenile trust is not a life insurance policy type that pays the face amount at a specified survival date. Reference topics: Endowment Policies, Survival Benefit, Permanent Insurance, Policy Maturity.
질문 # 58
What is the purpose of the automatic premium loan rider?
정답：B
설명：
The automatic premium loan rider protects the policyowner against an unintentional lapse by automatically using available cash value to pay an overdue premium. If the policyowner forgets or fails to pay a premium and the grace period is about to expire, the insurer can create a policy loan for the amount needed to keep the policy in force, provided sufficient cash value exists. The loan accrues interest and reduces the net death benefit or cash value if unpaid, but it prevents immediate lapse. Option A describes a guaranteed insurability rider, which allows additional insurance at specified dates or events without evidence of insurability. Option C describes a waiver of premium rider, which waives premiums if the insured becomes totally disabled according to the rider terms. Option D is wrong because term policies generally do not have cash value and partial surrender is associated with flexible permanent policies, especially universal life. Reference topics:
Automatic Premium Loan, Grace Period, Cash Value Loan, Lapse Prevention, Policy Riders.
질문 # 59
The principle that insurance is not a transaction of commerce and therefore should be regulated by the states was established by
정답：A
설명：
The principle was established by Paul v. Virginia. In that 19th-century U.S. Supreme Court case, the Court held that issuing an insurance policy was not a transaction of commerce within the meaning of the Commerce Clause. That decision supported the historic state-based regulation of insurance. This changed in 1944 when United States v. South-Eastern Underwriters Association held that insurance transactions conducted across state lines could constitute interstate commerce subject to federal regulation. Congress then responded with the McCarran-Ferguson Act, which restored and preserved the primacy of state regulation unless federal law specifically provides otherwise. Therefore, option C is the correct answer for the original "insurance is not commerce" principle. Option D is the opposite result because South-Eastern Underwriters treated interstate insurance business as commerce. Option A is important but not the original case establishing the non- commerce principle. Reference topics: Paul v. Virginia, South-Eastern Underwriters, McCarran-Ferguson Act, State Regulation of Insurance.
질문 # 60
An insurance company, owned by its stockholders who have contributed to its capital and surplus and to whom dividends are paid, is known as
정답：C
설명：
A stock insurance company is owned by stockholders. The stockholders provide capital, own shares of the company, and may receive stockholder dividends when declared. This is different from a mutual insurer, which is owned by its policyowners. In a mutual company, dividends are generally policyowner dividends and are treated as a return of excess premium rather than a return on stock ownership. A reciprocal company is an unincorporated arrangement in which subscribers insure one another through an attorney-in-fact, which is not the ownership structure described in the question. An assessable company is associated with the possibility of additional assessments against policyowners, not stockholder ownership. The wording "owned by its stockholders" and "dividends are paid" directly identifies a stock insurer. In exam terms, ownership controls the answer: stockholders own stock companies; policyowners own mutual companies. Reference topics: Insurer Classification, Stock Insurers, Mutual Insurers, Insurance Company Ownership.
질문 # 61
Under a multiple protection policy, the policy that pays on the death of the last person is called
정답：C
설명：
A policy that pays on the death of the last surviving insured is a survivorship life policy, also known as second-to-die life insurance. It covers two or more lives and pays the death benefit only after the last insured person dies. This structure is often used in estate planning, business succession planning, and situations where liquidity is needed after both spouses or business partners have died. A joint life policy, by contrast, typically pays on the first death and then terminates. That distinction is critical: joint life = first death; survivorship life
= last death. Universal life describes a flexible-premium permanent policy design and does not specify whether the death benefit is paid on first or second death. "Annuity life policy" is not the correct insurance classification here. The exam phrase "death of the last person" directly points to survivorship life. Reference topics: Multiple-Life Policies, Survivorship Life, Second-to-Die Insurance, Joint Life Insurance.
질문 # 62
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NJ-Life-Producer최고품질 시험덤프자료: https://www.koreadumps.com/NJ-Life-Producer_exam-braindumps.html