MaryJo owns a wholelife insurance policy on her own life. She has accumulated $49,000 of cash value in the policy. Which of the following statements is/are true regarding this policy and the options MaryJo has?

I. She can withdraw the entire $40,000 at any time and forfeit her death protection

II. She can borrow the $40,000, but will lose all her death protection until the loan is paid back

III. If MaryJo dies tomorrow with no policy loan outstanding, her beneficiary will receive the face value of the insurance policy, while the $40,000 in cash value becomes a survivorship benefit for other insureds

a. II and III

b.

I and III

c. I, II, & III

d.

I and II

An annuity, five years certain, makes payments to the annuitant:

a. Only if the insured dies within the first five years

b.	5 years or until the annuitant's death, whichever event happens first

c.	The first 5 years of the liquidation period

d.	5 years or until the annuitant's death, whichever event happens last