Virginia Life/Health Exam 3 Question and answers rated
A+ 2025/2026
1. A person who purchases a Medicare Supplement poli- D
cy cannot enroll in Medicare Part .
A A
B
B
C
D
D
C
18/19
2. The Social Security Survivor Benefit covers
children to age
and may continue coverage to age
if still enrolled in high school.
A 19/21 B
21/26
C
16/18
D
18/19
3. If interest rates have fallen since a market value adjust- In ettect, the
account val-
ment annuity (MVA) was purchased, what impactues would have increased
will this have on the annuity?
A
There would be no impact
whatsoever B
, Virginia Life/Health Exam 3 T
Study online at https://quizlet.com/_cjznwv h
The owner will be required to surrender the e
annuity C
The annuity would lose some of its tax-deferral p
benefit in proportion to the dollar amount of o
the adjustment D l
In effect, the account values would have i
increased c
y
4. Which one of the following regarding
Medicare Sup- plement policies is false?
i
A
s
An insured may not have more than 1 Medicare
Sup- plement policy
s
B
t
No policy can include coverage limitations or
i
exclu- sions that are more restrictive than
l
those of Medicare C
l
Coverage for accidents and sicknesses can be
provided on a differentiated basis
u
D
n
No policy is permitted to use waivers to
d
exclude, limit, or reduce coverage or benefits for
e
specific pre-existing diseases or physical
r
conditions
5. In Virginia, an insured submitted a r
reinstatement ap- plication and received a e
conditional receipt. If the in- sured does not v
receive approval or a written notice of i
disapproval after 45 days, which of the e
following is true? w
A B
, Coverage for accidents and sicknesses can be provided on a ditterentiat-
ed basis
The policy will be reinstat- ed
A+ 2025/2026
1. A person who purchases a Medicare Supplement poli- D
cy cannot enroll in Medicare Part .
A A
B
B
C
D
D
C
18/19
2. The Social Security Survivor Benefit covers
children to age
and may continue coverage to age
if still enrolled in high school.
A 19/21 B
21/26
C
16/18
D
18/19
3. If interest rates have fallen since a market value adjust- In ettect, the
account val-
ment annuity (MVA) was purchased, what impactues would have increased
will this have on the annuity?
A
There would be no impact
whatsoever B
, Virginia Life/Health Exam 3 T
Study online at https://quizlet.com/_cjznwv h
The owner will be required to surrender the e
annuity C
The annuity would lose some of its tax-deferral p
benefit in proportion to the dollar amount of o
the adjustment D l
In effect, the account values would have i
increased c
y
4. Which one of the following regarding
Medicare Sup- plement policies is false?
i
A
s
An insured may not have more than 1 Medicare
Sup- plement policy
s
B
t
No policy can include coverage limitations or
i
exclu- sions that are more restrictive than
l
those of Medicare C
l
Coverage for accidents and sicknesses can be
provided on a differentiated basis
u
D
n
No policy is permitted to use waivers to
d
exclude, limit, or reduce coverage or benefits for
e
specific pre-existing diseases or physical
r
conditions
5. In Virginia, an insured submitted a r
reinstatement ap- plication and received a e
conditional receipt. If the in- sured does not v
receive approval or a written notice of i
disapproval after 45 days, which of the e
following is true? w
A B
, Coverage for accidents and sicknesses can be provided on a ditterentiat-
ed basis
The policy will be reinstat- ed
