1. Which of the following statements about life insurance is NOT accurate?

- Permanent insurance puts a portion of the premium paid into an investment which the insured then has the potential to cash in and recoup, whereas the premium paid for term insurance is simply a sunk cost for the insured.

- Permanent insurance guarantees that the policy will pay out the face value to the beneficiary upon the death of the insured, whereas term insurance won't pay out anything at all once the term has finished

- Term insurance is almost always less expensive than permanent insurance - both the monthly premium amount as well as the amount typically spent on insurance overall

- Term insurance is a simple life insurance policy that involves a less complicated contract with fewer provisions and exemptions, whereas permanent is the type of insurance that you must take care in reading the detailed fine print in the policy

2. The advantages of group health insurance offered through the workplace include all EXCEPT which of the following:

- the employee benefits from the fact that the employer often covers the full cost of basic supplementary health coverage

- the employee benefits from being able to tailor a health insurance plan to fit their exact individual needs

- the employee benefits from the economies of scale with lower health insurance premiums

- the employer benefits from healthier employees (less sick days/leave) and better employee retention as a result of offering such a perk