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10.2.5 Retirement

Universal life, variable life, and adjustable life are permanent forms of contracts and can be used effectively as a basis for producing retirement assistance income. Term life, on the other hand, should not be relied upon as a retirement tool.

1

Lesson 10.2 Review

The dependency period lasts until the youngest child of the family reaches age:

a) 15.
b) 18.
c) 20.
d) 21.
CORRECTTRY AGAIN (Lesson 10.2.3)
Check your answer

2

The blackout period is that timeframe in which the youngest child reaches the age of _____, yet the surviving spouse has not reached the age of:

a) 16; 60
b) 16; 62
c) 18; 60
d) 18; 62
CORRECTTRY AGAIN (Lesson 10.2.4)
Check your answer

3

Term life insurance should not be relied upon as a retirement tool.

a) True
b) False
CORRECTTRY AGAIN (Lesson 10.2.5)
Check your answer