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Life Insurance

Q&A

Quick Test
Question #1: What kind of life insurance is designed to exist permanently?

A. Credit Life
B. Mortgage Life
C. Term Life
D. Variable Life
Question #2: What type of life insurance is designed to cover short-term needs?

A. Credit Life
B. Mortgage Life
C. Term Life
D. Whole Life
Question #3: True of False. A universal life insurance policy will always have a lower premium than a 20-year term policy.

A. True
B. False
Question #4: For most people, what two factors alone may significantly reduce the coverage needed to protect their dependents?

A. Monthly Survivor benefits from Social Security and pension plans
B. Protection provided by their disability and long-term care policies
C. Investments and cash reserves
D. Relatives and other assets (e.g., the home)

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Last Updated: 5/8/2009