New Jersey Life & Health Insurance License Exam Overview
The New Jersey Life & Health Insurance License Exam is administered by Prometric on behalf of the New Jersey Department of Banking and Insurance (DOBI). New Jersey is the eleventh-largest state by population and the most densely populated state, with excellent proximity to both New York City and Philadelphia markets.
Passing this exam qualifies you to sell life insurance, health insurance, annuities, and related products throughout New Jersey—a state with over 9 million residents, high median incomes, and strong demand for insurance products.
Exam Format at a Glance
| Component | Details |
|---|---|
| Total Questions | 150 multiple-choice |
| Scored Questions | 150 |
| Time Limit | 2 hours |
| Passing Score | 70% (105 correct answers) |
| Testing Vendor | Prometric |
| Exam Fee | $55 |
| Pre-licensing Education | 40 hours required |
Why Get Licensed in New Jersey?
- Dense population — Over 9 million in a compact area
- High income levels — Strong demand for life and investment products
- NYC/Philly access — Gateway to major metro markets
- Strong regulations — Consumer protection focus
- Competitive compensation — Average agent salary over $70,000
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Key Topics Covered on the Exam
1. Life Insurance Fundamentals (30-35%)
Types of Life Insurance:
- Term Life (level, decreasing, renewable, convertible)
- Whole Life (ordinary, limited pay, single premium)
- Universal Life (flexible premiums, adjustable death benefit)
- Variable Life (securities-based, separate account)
Policy Provisions Under New Jersey Law:
| Provision | New Jersey Requirement |
|---|---|
| Grace Period | 31 days minimum |
| Incontestability | 2 years |
| Suicide Clause | 2 years |
| Free Look Period | 10 days (30 days for seniors) |
| Reinstatement | 3 years |
| Misstatement of Age | Adjustment of benefits |
Beneficiary Designations:
- Primary and contingent beneficiaries
- Revocable vs. irrevocable designations
- Per stirpes vs. per capita distribution
- New Jersey estate and inheritance considerations
2. Health Insurance Fundamentals (30-35%)
Major Medical Coverage:
- Deductibles, copays, coinsurance
- Out-of-pocket maximums
- Network types (HMO, PPO, EPO, POS)
- Essential health benefits under ACA
New Jersey-Specific Health Topics:
- Get Covered NJ marketplace (state-based exchange)
- NJ FamilyCare (Medicaid and CHIP)
- Individual Health Coverage Program
- Mental health parity requirements
Disability Income Insurance:
- Short-term vs. long-term disability
- Own occupation vs. any occupation definitions
- Elimination periods and benefit periods
- Social Security integration
Long-Term Care Insurance:
- Benefit triggers (ADLs, cognitive impairment)
- New Jersey Long-Term Care Partnership
- Tax-qualified policies
- Inflation protection options
3. Annuities (15-20%)
- Fixed vs. variable annuities
- Immediate vs. deferred annuities
- Accumulation and annuitization phases
- New Jersey annuity suitability requirements
- Surrender charges and free withdrawal provisions
- 1035 exchanges and tax implications
4. New Jersey Insurance Code and Regulations (15-20%)
Title 17B Key Provisions:
- Producer licensing requirements
- Unfair trade practices
- Unfair claims settlement practices
- Replacement regulations
- Advertising guidelines
Licensing Requirements:
- Pre-licensing education: 40 hours
- Continuing education: 24 hours every 2 years
- Ethics requirement: 3 hours included in CE
- Background check and fingerprinting required
Producer Responsibilities:
- Fiduciary duties to clients
- Premium handling requirements
- Record retention (5 years)
- Reporting changes within 30 days
5. Ethics and Professional Conduct (10-15%)
- Suitability and needs analysis
- Disclosure requirements
- Privacy and confidentiality (HIPAA compliance)
- Anti-rebating and anti-twisting rules
- Handling complaints and grievances
Study Timeline for Success
| Week | Focus Area | Hours |
|---|---|---|
| Week 1-2 | Life insurance products and provisions | 12-15 |
| Week 2-3 | Health insurance and ACA | 12-15 |
| Week 3-4 | Annuities and specialty products | 8-10 |
| Week 4-5 | NJ regulations (Title 17B) | 8-10 |
| Week 5-6 | Practice exams and review | 12-15 |
Total recommended study time: 55-65 hours
🎯 Free Practice Questions Available
Test your knowledge with hundreds of free practice questions designed specifically for the New Jersey Life & Health exam.
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New Jersey-Specific Exam Tips
1. Know Your New Jersey Laws
The exam tests New Jersey-specific regulations:
- Title 17B — New Jersey Insurance Code
- DOBI — Department of Banking and Insurance
- Get Covered NJ — State health marketplace
- Commissioner powers — Enforcement authority
2. Master the Numbers
| Topic | New Jersey Requirement |
|---|---|
| Grace period | 31 days |
| Free look period | 10 days (30 for seniors) |
| Incontestability | 2 years |
| CE requirement | 24 hours/2 years |
| Pre-licensing | 40 hours |
| Passing score | 70% |
| Record retention | 5 years |
3. Understand Get Covered NJ
New Jersey's state-based health insurance marketplace:
- Open enrollment periods (November-January)
- Special enrollment qualifications
- Subsidy and tax credit eligibility
- Plan tier options (Bronze through Platinum)
4. Focus on Consumer Protections
New Jersey has strong consumer protection rules:
- Extended free look period for seniors
- Annuity suitability requirements
- Medicare supplement regulations
- Long-term care disclosure requirements
Common Mistakes to Avoid
- Underestimating NJ regulations — Title 17B is heavily tested
- Confusing marketplace — NJ has state-based exchange (Get Covered NJ)
- Skipping health insurance — It's equal weight to life insurance
- Ignoring senior protections — NJ has enhanced rules for older consumers
- Not practicing timed exams — 2 hours for 150 questions is tight
- Cramming last minute — Spread study over 5-6 weeks
After Passing Your Exam
- Apply for license through NJ DOBI online portal
- Complete fingerprinting — Required for all applicants
- Pay license fee — $80 for resident license
- Affiliate with insurer — Get appointed by carrier
- Maintain CE compliance — 24 hours every 2 years
- Begin selling — Your license is valid for 2 years
2026 New Jersey Updates
For 2026, be aware of:
- Get Covered NJ marketplace updates
- Enhanced telehealth coverage requirements
- Updated producer appointment rules
- Modified replacement regulation guidance
Start Your New Jersey Insurance Career Today
The New Jersey Life & Health license opens doors to one of the nation's most lucrative insurance markets. With proper preparation, you can pass the exam on your first attempt.
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Our free study materials include:
- ✅ Complete topic coverage
- ✅ Practice questions with explanations
- ✅ New Jersey-specific regulations (Title 17B)
- ✅ Study guides and summaries
- ✅ AI-powered study assistance
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