Term life insurance does not (a) provide protection against death. (b) provide the least expensive form of life insurance protection. (c) have the premiums increase as the insured gets older (d) have a savings component in the premium. Whole life insurance does not (a) provide protection against death. (b) provide the least expensive form of life insurance protection. (e) have the premiums remain constant as the insured gets older. (d) have a savings component in the premium Which of the following is not true about annuity insurance contracts? (a) They face the adverse selection problem since people who are healthy are more likely to purchase an annuity (b) The insured purchases the annuity by making payments during his or her working years. (c) The insured faces the risk of outliving the annuity payment. (d) Most annuities are purchased by pension plans for the plan participants at retirement. The majority of an insurance company's assets are invested in (a) ownership of real estate (b) mortgage. (c) corporate stocks and bonds. (d) government bonds. Which of the following is a principal feature of ERISA? (a) All employees must be vested in the company pension plan by the end of 7 years. (b) Employees must keep their pension plan with their old employer if they change jobs. (c) The pension plan is insured against bad investments by the Pension Benefit Guarantee Corporation (Penny Benny). (d) Individual employees must pay a premium to have their account insured by Penny Benny. The life insurance policy with the greatest potential to accumulate savings is (a) term life. (b) whole life. (c) universal life. (d) disability. An attempt to control rising medical costs is through (a) regulation of the pricing of medical services. (b) the creation of HMOs that negotiate prices with care providers. (c) charging higher premiums for health insurance coverage. (d) encouragin g insured persons to use govenpent medical facilities