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Question 14. 14. (TCO 4) You probably have little or no need for life
insurance if you are (Points : 1)
a single person living alone or with parents.
divorced and have two children.
married and your spouse works.
gainfully employed.
a household with several children.
Question 15. 15. (TCO 4) Your annual income is $35,000. What is
your life insurance need based on the easy method? (Points : 1)
$35,000
$110,500
$171,500
$191,500
Over $200,000
Question 16. 16. (TCO 4) Which type of life insurance policy combines
term insurance and investment elements? (Points : 1)
Whole life
Ordinary life
Universal life
Adjustable life
Extended life