Free Virginia Insurance Virginia-Life-Annuities-and-Health-Insurance Exam Questions

Become Virginia Insurance Certified with updated Virginia-Life-Annuities-and-Health-Insurance exam questions and correct answers

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Total 445 Questions | Updated On: Apr 28, 2026

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Question 1

Group term insurance coverage can usually be converted to:

A : Another group term policy

B : A yearly renewable term policy

C : A permanent individual life insurance policy

D : A decreasing term policy

Answer: C

Question 2

The term independent agent means that the:

A : Agent's office is located away from the insurer's home office

B : Agent does NOT require support from the insurer

C : Agent may represent more than one insurer

D : Agent represents a foreign insurer

Answer: C

Question 3

Which is an example of an endodontic service?

A : Crowns

B : Dentures

C : Root canals

D : Fillings

Answer: C

Question 4

Which is true about ownership of a deferred annuity contract?

A : All of the participants in a group contract are part-owners

B : Ownership rights are neither transferable nor assignable

C : An owner may be the annuitant or the beneficiary or neither

D : An owner’s rights take effect when the benefit payment phase begins

Answer: C

Question 5

(Which one of the following statements about the automatic premium loan provision in a lifeinsurance policy is true?)

A : It is a required provision that provides for the purchase of additional insurance at guaranteedrates.

B : It provides for a series of bank loans to finance the purchase of split-dollar life insurance.

C : It waives policy premiums if the policyowner becomes totally and permanently disabled.

D : It provides for a policy loan to pay any premium not paid by the end of the grace period.

Answer: D

Page: 1 / 89

Total 445 Questions | Updated On: Apr 28, 2026

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