New Jersey Life Producer Examination (PSI 'Life Producer & Instructor Examination' content outline, Producer form)
The New Jersey life insurance exam.
The New Jersey life insurance exam is 83 scored questions, in 210 minutes, passing at 70%, $38 per attempt, administered by PSI Exams. We sell study materials and practice exams for it, written from the official New Jersey outline. The first questions are free, and the full License Pass is $149, yours until you pass. Below are the licensing steps, exactly what the exam covers, and free practice questions written to this state's outline.
At a glance
| Exam | New Jersey Life Producer Examination (PSI 'Life Producer & Instructor Examination' content outline, Producer form) |
| Scored questions | 83 |
| Pretest questions | varies |
| Time limit | 210 minutes |
| Passing score | 70% correct (Producer; Instructor form requires 85%) |
| Exam fee | $38 |
| Testing vendor | PSI Exams |
| Retake rules | No same-day rebooking after a failed attempt; a candidate who fails Wednesday can call Thursday and retest as soon as Friday, subject to availability. Registration fee non-refundable, expires after one year |
| Prelicensing education | required, from a state-approved provider |
Verified against official PSI Exams materials, Content outline effective November 11, 2010 (still the outline linked from the PSI NJ Candidate Information Bulletin, updated 1/18/2023). Specs change; confirm when you register.
How to get your New Jersey life insurance license
- 1
Meet the basics
Be 18 or older and able to pass the background screening. New Jersey handles licensing through the NIPR system like most states.
- 2
Complete the required prelicensing education
New Jersey requires prelicensing education from a state-approved provider before you can test. Complete it with that provider, keep your completion record, then drill practice questions until the material sticks.
- 3
Book the exam with PSI Exams
Register at PSI Exams, pick a test center or online proctoring where offered, and pay the $38 exam fee.
- 4
Pass the exam
Walk in knowing the format, 83 scored questions in 210 minutes, passing at 70%. About 62% of first-time life exam takers pass nationally (NAIC, latest published data).
- 5
Apply for the license and get appointed
Submit the license application (fingerprints where required), then get appointed with carriers so you can write business.
What the New Jersey exam covers
From the official exam outline, each section's share of the exam and how many of the 83 scored questions it earns.
| Section | Weight | Questions |
|---|---|---|
| Types of Policies | 11% | 9 questions |
| Policy Riders, Provisions, Options, and Exclusions | 25% | 21 questions |
| Completing the Application, Underwriting, and Delivering the Policy | 14% | 12 questions |
| Taxes, Retirement, and Other Insurance Concepts | 10% | 8 questions |
| New Jersey Laws, Rules, and Regulations Common to Life, Accident and Health, Property, and Casualty Insurance | 30% | 25 questions |
| New Jersey Laws, Rules, and Regulations Pertinent to Life | 10% | 8 questions |
Free New Jersey practice questions
Original questions written to the New Jersey outline, the same bank our students drill. Tap a question to check the answer.
Question 1What does a waiver of premium rider do for a policyowner?
- A. It refunds all premiums paid if the insured stays healthy
- B. It keeps the policy in force by waiving premiums when the insured becomes totally disabled
- C. It pays double the death benefit for accidental death
- D. It lets the owner skip one premium each year for any reason
Show the answer
Answer: B
A waiver of premium rider excuses the policyowner from paying premiums while the insured is totally disabled, keeping the coverage active. The refund idea describes a return of premium concept, not waiver. Doubling the death benefit for accident describes an AD&D rider. Skipping a premium for any reason is not how the rider works; disability is required.
Policy Riders (waiver of premium)
Question 2Maria's whole life policy lapsed for nonpayment, and she wants to restore it under the reinstatement provision; what will the insurer typically require?
- A. Only payment of the next premium due
- B. Proof of insurability and payment of back premiums with interest
- C. A brand new application at current attained age rates
- D. Nothing, since reinstatement is automatic within the grace period
Show the answer
Answer: B
Reinstatement generally requires proof of insurability plus payment of overdue premiums with interest. The first choice is wrong because past due premiums must be paid. The third is wrong because reinstatement restores the original policy, not a new one at attained age. The fourth is wrong because within the grace period the policy has not lapsed yet, so reinstatement is not needed.
Policy Provisions and Options: reinstatement
Question 3Diana's policy has an aviation exclusion, and she dies as a fare-paying passenger on a commercial airline; how does this typically affect her claim?
- A. The claim is denied because any flying is excluded
- B. The claim is paid because commercial passenger travel is usually not excluded
- C. The claim is paid at half the face amount
- D. The claim is delayed until the exclusion period ends
Show the answer
Answer: B
Standard aviation exclusions usually target private pilots or non-commercial flying, not ordinary fare-paying passengers on scheduled commercial flights, so her claim is paid. It is not denied for all flying, not reduced to half, and aviation exclusions do not simply expire after a set period.
Policy Riders, Provisions, Options, and Exclusions > Policy Exclusions
Question 4Tom guarantees on his application that he has never smoked, but this must be literally and completely true or the insurer can void the policy. This type of statement is a:
- A. Representation
- B. Warranty
- C. Waiver
- D. Estoppel
Show the answer
Answer: B
A warranty is a statement guaranteed to be absolutely and literally true, and its breach can void the contract regardless of materiality. A representation, by contrast, only needs to be substantially true to the applicant's best knowledge and matters only if material. A waiver is the voluntary giving up of a known right, not a statement of fact. Estoppel prevents a party from asserting a right it previously gave up and is unrelated to the truth of application answers.
General insurance law concept distinguishing warranties from representations
Question 5The free look period on a newly delivered life insurance policy gives the policyowner the right to do what?
- A. Change the named beneficiary without insurer approval
- B. Return the policy for a full refund of premium paid
- C. Cancel and receive only the cash value
- D. Extend the grace period for missed premiums
Show the answer
Answer: B
The free look lets the owner examine the delivered policy and, if unsatisfied, return it within the stated period for a full refund of premiums paid. Beneficiary changes are a separate policy right, not the free look. A refund of only cash value is wrong because the free look returns all premium paid. The free look is unrelated to grace periods for late premiums.
Free look right on delivered policy (concept)
Take the free New Jersey practice test, every question with the answer and the explanation
New Jersey exam FAQs
How many questions are on the New Jersey life insurance exam?
83 scored questions, with 210 minutes on the clock.
What score passes the New Jersey exam?
You need 70% to pass.
How much does the New Jersey life insurance exam cost?
The exam fee is $38 per attempt, paid to PSI Exams. Licensing application and fingerprint fees are separate.
What happens if I fail the New Jersey exam?
No same-day rebooking after a failed attempt; a candidate who fails Wednesday can call Thursday and retest as soon as Friday, subject to availability. Registration fee non-refundable, expires after one year. About 62% of first-time life exam takers pass nationally (NAIC, latest published data). Failing once is common, and the fix is drilling the sections your score report names.
Does New Jersey require prelicensing education before the exam?
Yes. New Jersey requires prelicensing education from a provider your state insurance department lists before you can sit for the exam. We sell study materials and practice exams, not prelicensing education, so plan for both, the required education first, then practice here until the exam feels familiar.
What RingReady is, and is not
RingReady sells study materials and practice exams for the life insurance licensing exam. We are not a state-approved prelicensing education provider, and practicing here does not by itself satisfy any state's education requirement.
If your state requires prelicensing education, you must complete it with an approved provider; your state insurance department publishes the approved list. What we do is make sure that when you sit down for the real exam, the questions feel familiar.
Practice the New Jersey exam until it feels familiar.
Practice questions written to every section of the outline above, full timed practice exams matched to the real format (83 questions, 210 minutes), and a mastery map that shows what to study next.
A free placement plus free practice questions. No card to start.
Take the free New Jersey practice test · How to pass the exam