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Virginia Insurance Virginia Life, Annuities, and Health Insurance Examination Series 1101 Exam - Topic 9 Question 16 Discussion

Which statement about an adjustable life insurance policy is true?
A) Evidence of insurability may be required when the amount of insurance is increased
B) It is a form of variable annuity
C) It is most appropriate for people who are over age 50
D) The plan of coverage may be changed only if the new form of coverage has a lower premium

Virginia Insurance Virginia Life, Annuities, and Health Insurance Examination Series 1101 Exam - Topic 9 Question 16 Discussion

Actual exam question for Virginia Insurance's Virginia Life, Annuities, and Health Insurance Examination Series 1101 exam
Question #: 16
Topic #: 9
[All Virginia Life, Annuities, and Health Insurance Examination Series 1101 Questions]

Which statement about an adjustable life insurance policy is true?

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Suggested Answer: A

Adjustable life allows policyholders to adjust face amount, premium, or coverage period. Increases in coverage may require proof of insurability. Exact extract: ''Adjustable life permits increases in coverage, subject to evidence of insurability.''


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by Flo at Sep 30, 2026, 04:49 AM

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