True or False

___ A decreasing term life insurance policy involves a gradual reduction in the premiums paid while the face value of the contract remains the same.

___ Determining the amount of life insurance to purchase can be relatively easy because few factors affect a persons future financial goals and resulting need for life insurance.

___ The capital retention approach determines the amount of life insurance needed by first determining what level of annual income the insured wishes to provide for the family.

___ Variable life insurance is a form of term life insurance in which cash values are invested in the policyowners choice of investments..

___ Universal life insurance allows the insured to buy death protection similar to that provided by term life insurance and then invest an additional amount with the insurer that is similar to the savings element in whole life insurance coverage.