1. The life income with period certain option guarantees a specified number of settlement payments that passable to secondary beneficiaries. TRUE or False

2. When you stop making premium payments on a whole life policy, the policy's cash value is forfeited. TRUE or FALSE

3. Careful drivers have limited need for liability protection, because they are not likely to be fault in an accident. TRUE or False

4.The federal government subsidizes the flood insurance program. TRUE or FALSE

5.The most common definition of actual cash value is purchase price less depreciation. TRUE or FALSE

6.Disability income benefits under social security will be paid as long as you cannot perform the duties of the job you were holding when the disability began. TRUE or FALSE

7.Who is eligible to receive benefits under part B medical payments coverage of your automobile policy? A. Your daughters friends riding in your car, B. The driver of the car you hit, C. The pedestrian you hit while crossing the street, D. a and c, E. All of the above

8. The United States spends about _ the average of other rich economics on health care. A. half, B. the same as, C. twice, D. three times, E. four times

9.Auto insurance premiums are generally reduced by? A. choosing a higher deductible, B. buying a sporty "high powered " car, C. moving to a larger city, D. avoiding carpooling to work. E. all of the above

10. The policy that pays based on replacement cost for the home is: A. HO-1, B.HO-3, C.HO-5, D. HO-6, E.HO-8

11. Which of the following is characteristic of social security disability income coverage? A. There is a one-year waiting period, B. It uses the "own occupation" definition of disability, C. Benefits are payable only if the disability is expected to last one year or be fatal, D. a and b, E. a, b, and d