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Insurance Licensing Virginia-Life-Annuities-and-Health-Insurance Practice Test Questions Answers

Exam Code: Virginia-Life-Annuities-and-Health-Insurance (Updated 150 Q&As with Explanation)
Exam Name: Virginia Life, Annuities, and Health Insurance Examination Series 11-01
Last Update: 13-Feb-2026
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  • Single Choice: 150 Q&A's

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    Virginia-Life-Annuities-and-Health-Insurance Questions and Answers

    Question # 1

    (Which type of life insurance does NOT insure the life of an individual?)

    A.

    Employer group plan

    B.

    Association group plan

    C.

    Group credit life insurance

    D.

    Equity indexed universal life

    Question # 2

    (Under which marketing system do insurers solicit customers by mass media advertising and mail without the services of an agent?)

    A.

    Branch office

    B.

    Contingent

    C.

    Captive agent

    D.

    Direct response

    Question # 3

    The interest that an insurance company earns on life insurance premiums paid helps to:

    A.

    Increase the life insurance premium rate

    B.

    Increase the mortality rate

    C.

    Decrease the life insurance premium rate

    D.

    Decrease the mortality rate

    Question # 4

    One premium payment covers which period of time in a single premium whole life policy?

    A.

    One month

    B.

    One year

    C.

    To the insured’s age 65

    D.

    The full life of the policy

    Question # 5

    (In general, before what minimum age requirement would a withdrawal taken from an employer-sponsored qualified retirement plan be considered premature and thus, subject to a tax penalty?)

    A.

    Age 59 1/2

    B.

    Age 60

    C.

    Age 64 1/2

    D.

    Age 65

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