Answer True or False:
1) If you buy a life insurance policy that insures your life for $1,000,000 you are the “Insured”.
2) If you purchase a variable life insurance policy, then amount of the death benefit depends on the returns of earned by the funds where your premiums are invested.
3) If you stop paying the premiums on a term life insurance policy, the insurance company will pay you the value of all premiums paid plus interest.
4) In general, level term life insurance is high-benefit coverage you buy for a set period of time. Premiums are typically lower than for permanent insurance such as universal life policies.