1. Insurance agents must be licensed by FINRA to sell ______ insurance.

	a.	Traditional whole life
	b.	Traditional universal
	c.	VUL
	d.	30-year term
	e.	Both a and b

2.

When short-term interest rates fell below the level guaranteed by life insurance policies in the early 1990s, sales of which type policy decreased the most?

	a.	Traditional whole life
	b.	Level premium term
	c.	Variable whole life
	d.	VUL
	e.	Traditional universal life

3.

Which type of life insurance has a death benefit that decreases month by month?

	a.	Traditional whole life
	b.	1-year premium adjustable
	c.	Double declining balance
	d.	Increasing death benefit
	e.	Credit life

4.

What is the term for the person in managed healthcare plans who controls all aspects of a plan enrollee's healthcare?

	a.	Siri
	b.	Primary care physician
	c.	Nurse practitioner
	d.	Third party administrator
	e.	Clinical nurse

5.

Which of the following is a typical life insurance policy nonforfeiture provision?

	a.	Convert to term insurance with a reduced death benefit.
	b.	Annuitize the cash value
	c.	Reduced death benefit paid up permanent insurance
	d.	Both b and c
	e.	a, b, and c