Dividends are usually only paid to policy owners in:

	a.	stock companies
	b.	mutual companies
	c.	both a and b

Insurance is provided at cost in:

	a.	stock companies
	b.	mutual companies
	c.	both a and b
	d.	neither a nor b

1. Temporary insurance includes all of the following, except:

   	a.	generally level death benefit
   	b.	generally increasing premiums
   	c.	generally better for long-term needs
   	d.	some plans may be converted to a permanent plan

1. The death benefit on life insurance is paid out income tax-free.

   True

   False

1. The process an insurance company takes to group, classify, and decide whether to accept a risk is called:

The following are ways to calculate life insurance amounts, except:

	a.	The Human Life Value
	b.	Capital Needs Analysis
	c.	Estate Settlement Cost Method
	d.	Multiples of Income Method

1. The majority of insurance companies are stock companies.

   True

   False

The conditions that must be met in order for a risk to be insurable are all the following, except:

	a.	must be measurable
	b.	must be able to be grouped/classified
	c.	must have a payout expectation of under 50 years
	d.	must have a large enough group
	e.	must be a pure risk

1. A good Financial Planner primarily treats risks as the Probability of Loss.

   True

   False