1. A benefit for investing in an annuity is income for life. True or False

2. A traditional IRA is tax deductible the year it is contributed. True or False

3. Tax exempt and tax deferred mean the same thing. True or False

4. Every homeowner must have homeowners insurance. True or False

5. A family member could be an Executor of a Trust. True or False

6. Trusts are prepared for tax purposes only.

7. Trusts are only revocable. True or False

Identify 2 major sections to include in a trust:

8.

9.