Choose wisely. There is only one correct answer to each question.
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1.
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.
2.
The financial soundness of a life insurance company matters to you because it affects the companys ability to pay your claims.
True. Indeed, this is what insurance companies are in business for, and the healthier they are, the better they can pay claims.
3.
Which of the following is a typical guideline for life insurance coverage for your dependents?
5-10 times your yearly salary. This is a general rule; there are exceptions to it, of course.
4.
Life insurance is designed to be used by _______.
Your dependents. In its essence, it is for others.
5.
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.