152 Q&As in UPDATED Virginia-Life-Annuities-and-Health-Insurance Exam Questions Certification Test Engine to PDF [Q19-Q42]

NO.19 Immediate annuities are often purchased by people who:

NO.20 The interest that an insurance company earns on life insurance premiums paid helps to:

NO.21 A qualified plan participant elected a trustee-to-trustee transfer of rollover funds instead of personally receiving the funds and then rolling them over. This election permits the participant to:

NO.22 An insurance company writing business in a state other than the one in which it is domiciled is called:

NO.23 Anything of value given to produce a contract is the definition of:

NO.24 The voluntary act of terminating an insurance contract is called:

NO.25 Which type of life insurance policy is designed to pay the balance of a thirty-year home mortgage loan in the event of the insured’s death?

NO.26 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?

NO.27 A typical disability income insurance policy EXCLUDES benefits for which one of the following causes of loss?

NO.28 If an agent misleads or fails to adequately disclose the title and true nature of a policy offered to a potential insured, it may be considered:

NO.29 Giving policyholders some part of the agent’s commission as an inducement to purchase insurance is an unfair trade practice known as:

NO.30 Which is an example of an endodontic service?

NO.31 Which is true about a joint and survivor annuity?

NO.32 On an application for individual health insurance, all of the following are typically included on the agent’s report EXCEPT:

NO.33 What is often payable to a life insurance policyowner when a medical condition drastically limits the insured’ s life expectancy?

NO.34 Disability income insurance policies usually provide coverage for loss of income resulting from:

NO.35 The reinstatement provision in individual health insurance:

NO.36 All of the following are advantages of whole life insurance EXCEPT:

NO.37 A licensed agent must report a felony conviction to the Commission within how many calendar days?

NO.38 Under the notice of claim provision, notice given to a health insurance company’s agent is:

NO.39 What is the agent’s primary role in underwriting life insurance?

NO.40 An agent or insurer who unknowingly violates insurance laws may be charged a maximum penalty of:

NO.41 A spendthrift clause in a life insurance policy would have NO effect if the beneficiary receives the proceeds as:

NO.42 What kind of rider may be added to an individual disability income insurance policy to increase benefits during periods of price inflation?