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Insurance Licensing Updated Virginia-Life-Annuities-and-Health-Insurance Exam Questions and Answers by lachlan

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Insurance Licensing Virginia-Life-Annuities-and-Health-Insurance Exam Overview :

Exam Name: Virginia Life, Annuities, and Health Insurance Examination Series 11-01
Exam Code: Virginia-Life-Annuities-and-Health-Insurance Dumps
Vendor: Insurance Licensing Certification: Virginia Insurance License
Questions: 150 Q&A's Shared By: lachlan
Question 32

In health insurance, the insurance policy, the endorsements, and any relevant papers attached to thepolicy make up the:

Options:

A.

Completed application

B.

Entire contract

C.

Uniform mandatory policy provisions

D.

Notice of coverage

Discussion
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Question 33

Which is true about a term life insurance policy?

Options:

A.

It usually provides a cash value

B.

It provides temporary protection

C.

It may only be written for periods of five years or less

D.

It usually can be renewed at the same premium

Discussion
Question 34

Which contract provides an income benefit until the first of two annuitants dies?

Options:

A.

A joint and survivor annuity

B.

A temporary annuity

C.

A joint life annuity

D.

A single life annuity

Discussion
Question 35

Immediate annuities are often purchased by people who:

Options:

A.

Desire a tax deduction in the current year

B.

Want to contribute to a tax-sheltered annuity

C.

Have a lump sum to invest at retirement

D.

Want to accumulate funds for retirement at a later date

Discussion
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