True/False

7. Whole Life Policies offer both a death benefit and a savings vehicle controlled by the insured allowing for the underlying portfolio to become more conservative as the insured gets older.

8. A Second-To-Die Policy is typically used to cover the estate tax and other estate liabilities of the decedent whose estate funds the QTIP trust.

9. Life Insurance Policy Dividends are subject to income taxation at the qualified dividend tax rate.

10. Life Insurance Proceeds, since payable because of death, must be paid to the beneficiary(ies) as a lump sum amount.