Q1. Families faced with the loss of a principal wage earner receive Social Security survivor's benefits:

A. that are deducted from the insurance proceeds, for the purpose of tax calculation.

B. that will pay any additional taxes on the benefit amount.

C. from the government that are intended to provide basic, minimum support.

D. that amount to 5 to 10 times the current income of the principal wage earner.

E. that will repay all the financial obligations of the principal wage earner.

Q2. Term insurance is always less expensive than permanent insurance. Which of the following coverages below is the least expensive.

	A.	30 year term
	B.	20 year convertible term
	C.	10 year convertible term
	D.	20 year non convertible term

3. Financial planning is important because

	A.	controls inflation
	B.	limits consumption
	C.	reduces social disparity
	D.	results in an improved standard of living.
	E.	reduces economic differences among individuals.