2. For each of the following statements, indicate your response by writing “T” or “F.”

a. Life insurance is one of the least important and least expensive purchases _________.

b. A beneficiary is a person named to receive the benefits from an insurance policy._________.

c. Life insurance benefits may be used to pay off a home mortgage or other debts at the time of death._________.

d. The sooner a person is likely to die, the higher the premiums he or she will pay._________.

e. All people need to purchase a life insurance policy._________.