1|Page
VIRGINIA LIFE AND HEALTH INSURANCE EXAM LATEST 2026-2027
ACTUAL EXAM WITH COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (100% VERIFIED ANSWERS) |ALREADY
GRADED A+| ||PROFESSOR VERIFIED|| ||BRANDNEW!!!||
Which of the following statements is correct when pertaining to
coordination of benefits by a group long-term disability plan with
Social Security? - ANSWER-Group and Social Security benefits
pay a combined maximum limit.
HSAs are frequently used with: - ANSWER-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: - ANSWER-Pay the
claim in full.
Nick has a policy that the insurer can cancel when he turns 65.
Which type of policy is it? - ANSWER-Conditionally renewable
,2|Page
How many days does someone have after termination of their
group life insurance policy to be issued an individual life insurance
policy? - ANSWER-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? -
ANSWER-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? - ANSWER-Renewable term
Paul has a basic medical policy. It will pay for: - ANSWER-Doctor
visits
All of the following are duties of a producer when delivering a
policy to an applicant EXCEPT: - ANSWER-Arranging to keep the
policy in his office for safe-keeping.
,3|Page
A Waiver of Premium provision in a Disability Income policy
allows: - ANSWER-The insured to maintain a policy in force while
unable to pay premiums when disabled.
The most common plan used with an HSA is: - ANSWER-HDHP
Sam works for large corporation and is eligible for both his
company's health plan and Medicare. Which plan would be
primary? - ANSWER-Work
The Acme Brick Company wants to provide additional benefits to
certain classes of employees under a group health plan. They can
do this as long as the classes are not based on: - ANSWER-The
gender of the employee.
Which of the following would NOT be considered unfair
discrimination? - ANSWER-Discrimination abased on occupation
, 4|Page
What federal act protects the coverage of individuals and their
families when they change or lose their jobs? - ANSWER-HIPAA
Over-funded life insurance policies where the proceeds are
subject to taxation are called: - ANSWER-MECs
Jeff and Mike own an architect firm with 20 employees and worry
about the company if one of them becomes permanently disabled.
What type of policy should they buy? - ANSWER-Disability buy-
out
In health policies, when does coverage for newborns begin? -
ANSWER-The moment of birth
Inducing a policyholder to switch insurance companies without
regard to bad consequences is: - ANSWER-Twisting
Long-term care plans are written as: - ANSWER-Guaranteed
renewable
VIRGINIA LIFE AND HEALTH INSURANCE EXAM LATEST 2026-2027
ACTUAL EXAM WITH COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (100% VERIFIED ANSWERS) |ALREADY
GRADED A+| ||PROFESSOR VERIFIED|| ||BRANDNEW!!!||
Which of the following statements is correct when pertaining to
coordination of benefits by a group long-term disability plan with
Social Security? - ANSWER-Group and Social Security benefits
pay a combined maximum limit.
HSAs are frequently used with: - ANSWER-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: - ANSWER-Pay the
claim in full.
Nick has a policy that the insurer can cancel when he turns 65.
Which type of policy is it? - ANSWER-Conditionally renewable
,2|Page
How many days does someone have after termination of their
group life insurance policy to be issued an individual life insurance
policy? - ANSWER-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? -
ANSWER-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? - ANSWER-Renewable term
Paul has a basic medical policy. It will pay for: - ANSWER-Doctor
visits
All of the following are duties of a producer when delivering a
policy to an applicant EXCEPT: - ANSWER-Arranging to keep the
policy in his office for safe-keeping.
,3|Page
A Waiver of Premium provision in a Disability Income policy
allows: - ANSWER-The insured to maintain a policy in force while
unable to pay premiums when disabled.
The most common plan used with an HSA is: - ANSWER-HDHP
Sam works for large corporation and is eligible for both his
company's health plan and Medicare. Which plan would be
primary? - ANSWER-Work
The Acme Brick Company wants to provide additional benefits to
certain classes of employees under a group health plan. They can
do this as long as the classes are not based on: - ANSWER-The
gender of the employee.
Which of the following would NOT be considered unfair
discrimination? - ANSWER-Discrimination abased on occupation
, 4|Page
What federal act protects the coverage of individuals and their
families when they change or lose their jobs? - ANSWER-HIPAA
Over-funded life insurance policies where the proceeds are
subject to taxation are called: - ANSWER-MECs
Jeff and Mike own an architect firm with 20 employees and worry
about the company if one of them becomes permanently disabled.
What type of policy should they buy? - ANSWER-Disability buy-
out
In health policies, when does coverage for newborns begin? -
ANSWER-The moment of birth
Inducing a policyholder to switch insurance companies without
regard to bad consequences is: - ANSWER-Twisting
Long-term care plans are written as: - ANSWER-Guaranteed
renewable
