URGENT 10 and 11

one-year renewable term policies B. annuities C. thirty-year term policies. D. whole life policies. 8. Which one of the following statements about universal life insurance is not true? Cash contributions, net of term premiums, are invested at market rates. The policy does not qualify for the special federal tax exclusion of income built up side the contract C. The policyholder may vary the level of insurance coverage D. The amount of policyholder contribution each year is the difference between contributions and the price of a one-year term policy 9. An insurance policy that protects an individual over an entire lifetime as long as the premiums are paid is called A. Term life B. Universal life Whole life D. Endowment life E. Variable life 10. A noninsured pension plan will A. be managed by an appointed trustee to invest funds contributed for the benefit of future pensioners B. not be covered under the Pension Benefit Guaranty Corporation. C. always be underfunded. D. will be covered by term insurance, not whole life. 11. Cootie, a 65 year-old disable retiree, has saved $1,250,000. He expects he will survive another 10 years and wishes to receive 10 annual annuity payments, beginning in one year later. If the interest rate is 5.75%, how much does he can expect to receive per year? A. $123,988 B. $133,345 C. $149,987 D. $167,829 E. $178,692 12. A mutual fund "load" refers to A. The operating expenses charged against the assets