How long is the repayment period for the standard plan?

a) 25 years

b) 20 years

c) 10 years

d) 15 years

Which of the following provides a death benefit if the insured individual dies before reaching a predetermined age?

a) Both term-life insurance and cash value life insurance

b) Health insurance

c) Cash-value life insurance

d) term-life insurance

Mia contributed $100,000 to a Roth individual retirement account (IRA) over the past 20 years. She retired at age 60 and would like to withdraw all the funds. She would be in the 24% federal marginal tax bracket. How much will she pay in income taxes on the funds?

a) $24,000

b) $34,000

c) $10,000

d) $0

Which of the following provides health care through a network of physicians and hospitals located in a specified geographic area?

a) fee-for-service plan

b) health maintenance organization (HMO)

c) Insurance

d) Preferred provider organization (PPO)