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Virginia Insurance Virginia Life, Annuities, and Health Insurance Examination Series 11-01 Sample Questions:
1. An immediate annuity:
A) Pays a lump sum benefit to the annuitant
B) May be purchased in installments
C) Normally permits tax-deductible contributions
D) Lacks an accumulation period
2. Which term refers to the period of time from the beginning of confinement to the beginning of benefits under a long-term care insurance policy?
A) The exclusion period
B) The trial period
C) The elimination period
D) The qualifying period
3. What is the agent's primary role in underwriting life insurance?
A) Binding coverage immediately without home office approval
B) Issuing the policy if all underwriting information is satisfactory
C) Securing information from the Medical Information Bureau
D) Assuring that the application provides proper information to the insurer
4. Which type of health insurance helps to pay for the cost of care in cases where hospitalization is not required but the individuals are unable to care for themselves?
A) Medicare
B) Major medical
C) Long-term care
D) Disability income
5. In the solicitation and sale of Medicare Supplement insurance policies, when must an agent deliver the buyer' s guide?
A) Only when the purchaser is a first-time buyer
B) Only when the solicitation involves replacement
C) At the time of application
D) Prior to accepting any payment of premium
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: C |
By Camille
