VIRGINIA LIFE AND HEALTH INSURANCE
EXAM AND PRACTICE EXAM 2026/2027 WITH
ACTUAL CORRECT QUESTIONS AND
VERIFIED DETAILED ANSWERS
|CURRENTLY TESTING QUESTIONS AND
SOLUTIONS|ALREADY GRADED A+|NEWEST
|BRAND NEW VERSION|JUST RELEASED!!
The rider that you would pick if you want to be able to add coverage in the future, without
having to show proof of insurability:
Guaranteed insurability
In most Disability Income policies, the Elimination Period applies:
To each disability separately.
How does the IRS treat disability income benefits when the employer pays the policy
premiums?
They are fully taxable.
At what age would a qualified retirement plan distribution be premature?
59
Which of the following offers the broadest service area and broadest selection of providers?
PPO
Comprehensive major medical health policies typically have an Eligible Expenses provision that
specifies coverage for all but:
Experimental services.
1|Page
,Information obtained by a phone call to an applicant, may be included in which of the following
reports?
Inspection report
How often do appointments have to be renewed?
Annually
Which of the following groups is ineligible for group insurance?
A sports team formed to procure insurance
When dealing with an individual health policy replacement, who must sign a form noting
replacement?
The applicant and agent
What is the biggest source of information used in underwriting?
Application
Riders covering additional insureds can be added to life policies and cover all but which of the
following?
Younger siblings of the policyholder
Blake died 20 days after his group life insurance coverage was terminated. He did not apply for
individual coverage. Which of the following is true?
His beneficiary will receive the full death benefit.
Who has the right to change the beneficiary on a life policy?
The policyowner
Which of the following statements is correct when pertaining to coordination of benefits by a
group long-term disability plan with Social Security?
Group and Social Security benefits pay a combined maximum limit.
2|Page
, HSAs are frequently used with:
HDHPs
An insured became disabled in February of 2014. She had bought a disability income policy in
October of 2012. Her disability was due to a condition that existed prior to October 2012 but
was not excluded from her policy. The insurer will:
Pay the claim in full.
Nick has a policy that the insurer can cancel when he turns 65. Which type of policy is it?
Conditionally renewable
How many days does someone have after termination of their group life insurance policy to be
issued an individual life insurance policy?
31 days
Jacob, James and Jonathan are triplets, and all applied for the same type of insurance coverage
at the same time. For James and Jonathan the rates were the same. Jacob's rate was quite a bit
higher. What is the most likely reason for this difference?
Risk classification
Gregory recently purchased a one-year term insurance policy. At the end of the year, he can
purchase an identical policy without having to show proof of insurability. Why type of policy did
he purchase?
Renewable term
Paul has a basic medical policy. It will pay for:
Doctor visits
All of the following are duties of a producer when delivering a policy to an applicant EXCEPT:
Arranging to keep the policy in his office for safe-keeping.
3|Page
EXAM AND PRACTICE EXAM 2026/2027 WITH
ACTUAL CORRECT QUESTIONS AND
VERIFIED DETAILED ANSWERS
|CURRENTLY TESTING QUESTIONS AND
SOLUTIONS|ALREADY GRADED A+|NEWEST
|BRAND NEW VERSION|JUST RELEASED!!
The rider that you would pick if you want to be able to add coverage in the future, without
having to show proof of insurability:
Guaranteed insurability
In most Disability Income policies, the Elimination Period applies:
To each disability separately.
How does the IRS treat disability income benefits when the employer pays the policy
premiums?
They are fully taxable.
At what age would a qualified retirement plan distribution be premature?
59
Which of the following offers the broadest service area and broadest selection of providers?
PPO
Comprehensive major medical health policies typically have an Eligible Expenses provision that
specifies coverage for all but:
Experimental services.
1|Page
,Information obtained by a phone call to an applicant, may be included in which of the following
reports?
Inspection report
How often do appointments have to be renewed?
Annually
Which of the following groups is ineligible for group insurance?
A sports team formed to procure insurance
When dealing with an individual health policy replacement, who must sign a form noting
replacement?
The applicant and agent
What is the biggest source of information used in underwriting?
Application
Riders covering additional insureds can be added to life policies and cover all but which of the
following?
Younger siblings of the policyholder
Blake died 20 days after his group life insurance coverage was terminated. He did not apply for
individual coverage. Which of the following is true?
His beneficiary will receive the full death benefit.
Who has the right to change the beneficiary on a life policy?
The policyowner
Which of the following statements is correct when pertaining to coordination of benefits by a
group long-term disability plan with Social Security?
Group and Social Security benefits pay a combined maximum limit.
2|Page
, HSAs are frequently used with:
HDHPs
An insured became disabled in February of 2014. She had bought a disability income policy in
October of 2012. Her disability was due to a condition that existed prior to October 2012 but
was not excluded from her policy. The insurer will:
Pay the claim in full.
Nick has a policy that the insurer can cancel when he turns 65. Which type of policy is it?
Conditionally renewable
How many days does someone have after termination of their group life insurance policy to be
issued an individual life insurance policy?
31 days
Jacob, James and Jonathan are triplets, and all applied for the same type of insurance coverage
at the same time. For James and Jonathan the rates were the same. Jacob's rate was quite a bit
higher. What is the most likely reason for this difference?
Risk classification
Gregory recently purchased a one-year term insurance policy. At the end of the year, he can
purchase an identical policy without having to show proof of insurability. Why type of policy did
he purchase?
Renewable term
Paul has a basic medical policy. It will pay for:
Doctor visits
All of the following are duties of a producer when delivering a policy to an applicant EXCEPT:
Arranging to keep the policy in his office for safe-keeping.
3|Page
