1. Which of the following products allows policyholders the flexibility to skip a few premium payments?

Select one:

a.

Ordinary life insurance

b.

Universal life insurance

c.

Term life insurance

d.

Unit-linked life insurance

e.

None of the above

2. Which of the following insurance is commonly used to hedge against estate tax?

Select one:

a.

Preferred risk life insurance

b.

Group life insurance

c.

Second-to-die life insurance

d.

Endowment

e.

None of the above

3. For the same amount of sum assured, which of the following products has the cheapest insurance premium?

Select one:

a.

Ordinary life insurance

b.

Unit-linked life insurance

c.

Universal life insurance

d.

Endowment

e.

Term life insurance