Choose wisely. There is only one correct answer to each question.
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1.
Life insurance is designed to be used by _______.
Your dependents. In its essence, it is for others.
2.
Many life insurance agents specialize in areas of financial planning that are related to life insurance in some way.
True. Some specialize in estate planning, for example. A specialist can be valuable if you have specific needs in a life insurance policy.
3.
If you are young and dont have much money to spend on life insurance, which is going to be more affordable for you?
Term life insurance. Term is quite affordable for the young, though it rises in price as you age.
4.
All other factors being equal, a person who skydives will likely pay _______ for a life insurance policy than someone who does not have a dangerous hobby.
More. Risks are factored into what you pay for life insurance. High-risk hobbies are included in this.
5.
Which of the following rates life insurance companies?
Moodys Investors Service. Moodys is one of several rating companies. The others do not rate, though they are helpful sources of information.