The type(s) of financial risk reduced via life insurance is/are

a. dying too soon, before you can provide for others.

b. living too long and, thus, outliving your wealth.

c. cost of health care prior to death.

d. both dying too soon and cost of health care prior to death.

A five-year term insurance policy where the face amount and the premium stays the same each year rather than goes up with your age is

a. guaranteed renewable term insurance.

b. convertible term insurance.

c. decreasing term insurance.

d. annual renewable term insurance.