Test your life insurance knowledge.
Answer the questions below, and we'll review your knowledge when you complete the quiz.
Fact: More than 1 in 4 men have no life insurance coverage at all and almost two thirds of men age 18 to 24 have no life insurance.*
1. Which life insurance product accumulates cash value at a predefined, guaranteed minimum interest rate?
Variable Universal Life Insurance
Term Life Insurance
Fixed Permanent Life Insurance
Universal Life Insurance
1 2 3 4 5
Life Insurance Fixed Annuities** Long Term Care Insurance
* Facts From LIMRA International for Life Insurance Awareness Month (LIAM) (2008 Generations at Risk)
** Issued by New York Life Insurance and Annuity Corporation (A Delaware Corporation)
385294 (Expires 12/29/2010)
Fact: On average, three-quarters of baby boomers own some sort of life insurance – half owning individual life insurance policies and the rest having group policies.*
2. Which life insurance product is not eligible for dividends and does not accumulate cash value?
Term Life Insurance
Whole Life Insurance
Universal Life Insurance
Variable Universal Life Insurance
1 2 3 4 5
Life Insurance Fixed Annuities** Long Term Care Insurance
* Facts From LIMRA International for Life Insurance Awareness Month (LIAM) (2008 Generations at Risk)
** Issued by New York Life Insurance and Annuity Corporation (A Delaware Corporation)
385294 (Expires 12/29/2010)
Fact: Overall, women are more likely to own life insurance today than they were in 1998 but almost 1 in 3 women have no life insurance coverage at all and about half of women age 18 to 24 have no life insurance.*
3. Lifelong insurance protection is provided by which life insurance product?
20-Year Term Life Insurance
Whole Life Insurance
Increasing Premium Term Life Insurance
1 2 3 4 5
Life Insurance Fixed Annuities** Long Term Care Insurance
* Facts From LIMRA International for Life Insurance Awareness Month (LIAM) (2008 Generations at Risk)
** Issued by New York Life Insurance and Annuity Corporation (A Delaware Corporation)
385294 (Expires 12/29/2010)
Fact: One third of adults in the United States carry no life insurance at all.*
4. Does variable universal life insurance guarantee a minimum rate of return?
Yes
No
1 2 3 4 5
Life Insurance Fixed Annuities** Long Term Care Insurance
* Facts From LIMRA International for Life Insurance Awareness Month (LIAM) (2008 Generations at Risk)
** Issued by New York Life Insurance and Annuity Corporation (A Delaware Corporation)
385294 (Expires 12/29/2010)
Fact: 41 percent of Generation X (1965-1980) own individual life insurance while only 22 percent of adult Generation Y (1981-1995) have individual life insurance policies.*
5. Which life insurance product insures two individuals in one insurance plan?
Whole Life Insurance
Universal Life Insurance
20-Year Term Life Insurance
Survivorship Life Insurance
1 2 3 4 5
Life Insurance Fixed Annuities** Long Term Care Insurance
* Facts From LIMRA International for Life Insurance Awareness Month (LIAM) (2008 Generations at Risk)
** Issued by New York Life Insurance and Annuity Corporation (A Delaware Corporation)
385294 (Expires 12/29/2010)
How You Scored:
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