T or F:

1. Homeowners insurance protects homeowners against losses from theft, damage to buildings, and liability for accidents occurring on your property.

2. Monthly housing expenses like rent or mortgage should not be in excess of 25% of take home pay.

3. In the U.S. federal estate tax applies to all estates over $3,000,000.

4. HIPAA protects people's ability to obtain continued health insurance after they leave a job or retire.

5. Whole life insurance provides the insured with a way to save money for their future.