1-The premium for a Net-Level 5-year term policy will always be higher than the premium for the second year of a series of one year term policies covering the same individual for the same period of time.

True

False

2-In determining the amount of life insurance needed, the preferred approach is the human life approach.

True

False

3-Catastrophic health coverage is intended to cover catastrophic medical expenses in excess of the major medical cap.

True

False

4-The Co-payment in health insurance is the payment of a portion of medical expenses that the insured is responsible for once the deductible has been met.

True

False

5-The proceeds from a life insurance of a decedent is not included in the Gross Estate of the decedent if the decedent possessed incidents of ownership at the time of death.

True

False

6-defined-benefit plans is the type of plan that employers are required to insure with the Pension Benefit Guarantee Corporation.

True

False

7-A Revocable Intervivos Trust is one that:

	a.	Comes into existence at the death of the creator
	b.	Ends at the time of death of the creator
	c.	Comes into existence during the life of the creator
	d.	May not be changed by the creator of the trust