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22. The 2 ways of figuring out how much insurance one needs are: a) Fixed maturity & Multiple of Earnings b) Need based Analysis & Fixed Amount c) Multiple of Earnings & Need based Analysis d) Dividends Multiple & Multiple of Earnings 23. When a primary beneficiary dies before the insured, proceeds are payable to a) The probate court b) The state keeps the proceeds c) The contingent beneficiary or beneficiaries d) The insurance company keeps the proceeds 24. Josh, age 55, earned 35 credits over the last 12 years of working part time with AS corp, which was his only occupation on the books. He earned $5,100 per year. At the end of this year, he intends to retire and collect Social Security benefit and Medicare. Will he be able to retire and collect social security and Medicare benefits if he earns $7,200 this year, given that it takes $1,360 of earnings to earn each credit? a) No, he cannot retire, and he earns 4 credits for the year b) Yes, he can retire, and he earns 3 credits for the year c) No, he cannot retire, and he earns 5 credits for the year d) Yes, he can retire, and he earns 5 credits for the year