1) If David and Caroline complete life insurance applications today, pay the premiums, and have their applications approved, when will their policies become effective?

2) In completing a life insurance application, Caroline provides an incorrect answer to the question about whether she had ever been treated for depression.How, if at all, will this affect Carolines life insurance coverage?

3) Do David and Caroline have temporary life insurance needs or permanent life insurance needs? Explain.

4) What type of life insurance does David and Caroline's employer probably provide

5) What type of life insurance would enable Caroline to pay off the mortgage if David should die

6)What type(s) of life insurance would enable Carolineand David to ensure that funds are available for their childrens education even if one or both parents dies?