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The WVLH exam has 90 questions and runs 2 hours.
These 10 free WVLH questions are organized by exam domain, so you can see how each part of the West Virginia Life Insurance Producer Exam blueprint is tested. Reveal the answer and explanation under each question.
A universal life annual statement shows a $500,000 Option A death benefit. During the year, account value rises from $80,000 to $120,000, and no corridor increase is required. Which interpretation is correct?
Correct answer: C - The death benefit stays $500,000 while the insurer's net amount at risk falls to $380,000
An indexed life policy measures an 8% point-to-point gain. The contract applies an 80% participation rate and then a 7% cap; no spread applies. Before mortality and expense charges, what index-linked rate is credited for the period?
Correct answer: A - 6.4%, because the participation result remains below the cap
A 67-year-old wants income that lasts for life. She also wants her granddaughter to receive any payments remaining if she dies during the first 10 years, but she does not want payments guaranteed beyond that period. Which payout option fits?
Correct answer: D - Life with a 10-year period certain
Three years into a 20-year convertible term policy, the insured develops a condition that would make new coverage difficult to obtain. The conversion period is still open. What can the owner do?
Correct answer: B - Convert to eligible permanent coverage without new evidence of insurability
A West Virginia individual life premium was due 20 days ago. The insured dies before paying it, and the policy's 31-day grace period applies. How should the claim be handled?
Correct answer: A - Pay the death benefit, less the overdue premium
A tax-qualified long-term-care rider uses the federal chronic-illness trigger. A physician certifies that the insured will need substantial assistance with bathing, dressing, and transferring for 120 days; the other three activities of daily living are unaffected. Which conclusion follows?
Correct answer: C - The functional trigger is met because at least two listed ADLs are impaired for more than 90 days
An owner can no longer afford premiums on a cash-value life policy. She wants coverage to remain permanent for life, accepts a lower face amount, and wants no further premiums due. Which nonforfeiture option matches those priorities?
Correct answer: B - Reduced paid-up insurance
An applicant pays the initial premium and receives a conditional receipt stating that coverage begins on the application date only if the applicant was insurable as applied for on that date. Before underwriting is completed, the applicant dies. The insurer determines that the applicant did not meet its underwriting standards on the application date. What result is most consistent with the receipt?
Correct answer: D - No coverage arose because a stated condition of the receipt was not satisfied
A new applicant wants to fund a large life policy with money from an unrelated offshore company, refuses to identify the beneficial owner, and asks how quickly the policy can be surrendered. What is the producer's best next step?
Correct answer: B - Use the insurer's AML process, complete due diligence, and avoid tipping off the applicant
Which arrangement is a lawful life settlement rather than stranger-originated life insurance?
Correct answer: A - A valid family-protection policy is sold to an unrelated purchaser years after issue
The WVLH exam also covers these domains. Drill them in the full free practice test:
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