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

a. Stock life insurance companies generally sell participating (or par) policies. _________.

b. Mutual life insurance companies specialize in the sale of nonparticipating (nonpar) policies._________.

c. If you wish to pay exactly the same premium each year, you should choose a nonpar policy._________.

d. Permanent insurance is known as whole life, straight life, ordinary life, and cash-value life insurance._________.

e. Term life insurance is the most expensive type of policy._________.