Choose wisely. There is only one correct answer to each question.
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1.
Which form of life insurance is preferred by people who want some cash value in a life insurance policy?
Whole. Whole has cash value due to its higher premiums and how they are invested.
2.
If you have enough wealth to support your dependents after your death, you probably _______.
Do not need life insurance. This assumes that you are factoring in all possible challenges to your wealth. Some people who do have enough wealth for their dependents like to buy a policy anyway, just in case.
3.
All other factors being equal, which of the following forms of term life insurance is less expensive?
Group term. Group is cheaper because the cost and the risk are spread among many people.
4.
Which of the following might be a good source to find a life insurance agent?
All of the above. These are effective sources of information.
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.