VIRGINIA LIFE AND HEALTH EXAM REAL EXAM
2026 | ALL QUESTIONS AND CORRECT
ANSWERS | VERIFIED ANSWERS | UPDATED
VERSION
Comprehensive major medical health policies typically have an Eligible
Expenses provision that specifies coverage for all but: ---------CORRECT
ANSWER-----------------Experimental services.
Information obtained by a phone call to an applicant, may be included
in which of the following reports? ---------CORRECT ANSWER----------------
-Inspection report
How often do appointments have to be renewed? ---------CORRECT
ANSWER-----------------Annually
Which of the following groups is ineligible for group insurance? ---------
CORRECT ANSWER-----------------A sports team formed to procure
insurance
,When dealing with an individual health policy replacement, who must
sign a form noting replacement? ---------CORRECT ANSWER-----------------
The applicant and agent
What is the biggest source of information used in underwriting? ---------
CORRECT ANSWER-----------------Application
Riders covering additional insureds can be added to life policies and
cover all but which of the following? ---------CORRECT ANSWER------------
-----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? ---------CORRECT ANSWER-----------------His beneficiary
will receive the full death benefit.
Who has the right to change the beneficiary on a life policy? ---------
CORRECT ANSWER-----------------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? ---------CORRECT ANSWER-----------------Group and Social
Security benefits pay a combined maximum limit.
What contract term means only one party to a contract's promises are
legally enforceable? ---------CORRECT ANSWER-----------------Unilateral
Mr. Jones, the insured, committed suicide after the expiration of the
suicide clause in his life insurance policy. The insurer is obligated to: ----
-----CORRECT ANSWER-----------------Pay the death benefit.
The benefit that encourages the disabled policy owner to try to return
to work is: ---------CORRECT ANSWER-----------------Recurrent disability
Jeff has limited financial resources, but finds himself in a position where
he needs a good deal of protection. A __________would probably best
suit his needs at this time. ---------CORRECT ANSWER-----------------Term
policy
, Tyler owns a major medical policy with 70/30 coinsurance and a $3,000
deductible. If he submits a claim for $20,000, how much will he pay? ---
------CORRECT ANSWER-----------------$8,100
Life insurance applications require a signature from: ---------CORRECT
ANSWER-----------------The agent, insured, and policyowner.
The cheapest premium payment mode would be on a policy that is
paid: ---------CORRECT ANSWER-----------------Annually
If an applicant misstates their age on an insurance application, what
does the insurer do when it is discovered at claim time? ---------
CORRECT ANSWER-----------------Adjust the claim benefits to reflect what
he would have been entitled to if his real age had been given.
Phil and Sarah bought a life policy in which both are insured. Sarah dies
before Phil. If the policy pays the death benefit after Phil dies, it is a: ----
-----CORRECT ANSWER-----------------Survivorship life
2026 | ALL QUESTIONS AND CORRECT
ANSWERS | VERIFIED ANSWERS | UPDATED
VERSION
Comprehensive major medical health policies typically have an Eligible
Expenses provision that specifies coverage for all but: ---------CORRECT
ANSWER-----------------Experimental services.
Information obtained by a phone call to an applicant, may be included
in which of the following reports? ---------CORRECT ANSWER----------------
-Inspection report
How often do appointments have to be renewed? ---------CORRECT
ANSWER-----------------Annually
Which of the following groups is ineligible for group insurance? ---------
CORRECT ANSWER-----------------A sports team formed to procure
insurance
,When dealing with an individual health policy replacement, who must
sign a form noting replacement? ---------CORRECT ANSWER-----------------
The applicant and agent
What is the biggest source of information used in underwriting? ---------
CORRECT ANSWER-----------------Application
Riders covering additional insureds can be added to life policies and
cover all but which of the following? ---------CORRECT ANSWER------------
-----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? ---------CORRECT ANSWER-----------------His beneficiary
will receive the full death benefit.
Who has the right to change the beneficiary on a life policy? ---------
CORRECT ANSWER-----------------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? ---------CORRECT ANSWER-----------------Group and Social
Security benefits pay a combined maximum limit.
What contract term means only one party to a contract's promises are
legally enforceable? ---------CORRECT ANSWER-----------------Unilateral
Mr. Jones, the insured, committed suicide after the expiration of the
suicide clause in his life insurance policy. The insurer is obligated to: ----
-----CORRECT ANSWER-----------------Pay the death benefit.
The benefit that encourages the disabled policy owner to try to return
to work is: ---------CORRECT ANSWER-----------------Recurrent disability
Jeff has limited financial resources, but finds himself in a position where
he needs a good deal of protection. A __________would probably best
suit his needs at this time. ---------CORRECT ANSWER-----------------Term
policy
, Tyler owns a major medical policy with 70/30 coinsurance and a $3,000
deductible. If he submits a claim for $20,000, how much will he pay? ---
------CORRECT ANSWER-----------------$8,100
Life insurance applications require a signature from: ---------CORRECT
ANSWER-----------------The agent, insured, and policyowner.
The cheapest premium payment mode would be on a policy that is
paid: ---------CORRECT ANSWER-----------------Annually
If an applicant misstates their age on an insurance application, what
does the insurer do when it is discovered at claim time? ---------
CORRECT ANSWER-----------------Adjust the claim benefits to reflect what
he would have been entitled to if his real age had been given.
Phil and Sarah bought a life policy in which both are insured. Sarah dies
before Phil. If the policy pays the death benefit after Phil dies, it is a: ----
-----CORRECT ANSWER-----------------Survivorship life
