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: Jun 17, 2026

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Question 1

An immediate annuity:

A : May be purchased in installments

B : Pays a lump sum benefit to the annuitant

C : Lacks an accumulation period

D : Normally permits tax-deductible contributions

Answer: C

Question 2

In addition to the applicant, who signs an application for health insurance?

A : The applicant’s spouse

B : The applicant’s dependents

C : The inspection company representative

D : The agent

Answer: D

Question 3

In a deferred annuity, which event initiates benefit payments to the annuitant?

A : The contract is surrendered

B : A cash refund is paid

C : The contract matures

D : The beneficiary dies

Answer: C

Question 4

A mandatory second surgical opinion provision typically requires the insured to do which one of the following?

A : Seek a second opinion in emergency situations

B : Pay the cost of the second opinion

C : Seek a second opinion for surgeries that are on a list of elective surgeries

D : Accept the recommendation of the second surgeon

Answer: C

Question 5

To be complete, an application for health insurance must contain all of the following EXCEPT:

A : Applicants name and address

B : Applicants signature

C : Date of application

D : Initial premium

Answer: D

Page: 1 / 89

Total 445 Questions | Updated On: Jun 17, 2026

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