1. A person with a spouse but no children should get enough insurance to ________.
a. Cover their debts
b. Support the spouse for the rest of their lives
c. Pay for potential future children
d. Cover funeral expenses
e. None of the above
2. Medicaid assistance to long term care is limited to
a. Those without private long term care insurance
b. Those with neither IRAs or 401ks
c. Those with less than $30,000 in total assets
d. Those with less than 2,000 in savings
e. Renters
3. _______ life builds up a cash value.
a. Universal
b. Adjustable
c. Variable
d. All of the above
e. Limited payment
4. You would probably want to get separate belongings coverage for:
a. Electrical wiring
b. None of the above
c. Jewelry
d. A swimming pool
e. Tools
5. If you rely on your occupation to ________ disability insurance may be necessary.
a. Fund your IRA
b. Pay your rent
c. Provide your leisure
d. Fund your child's education
e. None of the above
6. With pure risk there is no chance for ______.
a. Gain
b. Loss
c. Breaking even
d. Insurability
e. None of the above