Q1. Which of the following statements regarding term life insurance is true?

A. All term policies maintain a level premium throughout all periods of coverage while the amount of protection decreases.

B. Term life usually offers lower initial premiums than other types of insurance.

C. Term life insurance offers permanent coverage.

D. A major disadvantage of term insurance is the lack of a convertibility provision.

E. Term life insurance provides for the accumulation of cash value.

Q2: Which of the following is usually the biggest fixed auto ownership cost?

	A.	The cost of fuel
	B.	The cost of oil
	C.	The cost of installment loan payments
	D.	The cost of maintenance and repair
	E.	The cost of tires

Q3:

Which of the following are permanent life insurance plans

	A.	indexed universal life
	B.	universal life
	C.	variable universal life
	D.	all of the above