1-Choose the true statement about variable life insurance:

Select one:

a. Savings values are guaranteed.

b. Cost is usually lower than term insurance.

c. The policy owner has flexibility in investment choice.

d. Investment risk borne by the insurance company.

2- The investments supporting the cash values of traditional whole life insurance policies are:

Select one:

a. Common stock/equity investments

b. Short-term government debt issues

c. Municipal debt

d. Federal government debt issues and real estate mortgages