Question 7 (1 point) Life insurance agents and financial planners who sell VULs must be licensed to sell life insurance, but do not have to have a securities license. True False Question 8 (1 point) North Co. provides group term life insurance to its employees equal to 1.5 times each person's salary. Sam has a salary of $100,000 so he has $150,000 of protection. If the Table 1 cost per month per $1,000 equals 10 cents, Sam will have to include $180 into income due to the group term life insurance. True False