Which of the following statements about life insurance cash ...

[ericka1]

Which of the following statements about life insurance cash values is (are) true?
 
  I. Cash values are a result of the level premium method of purchasing life insurance.
  II. The cash value of a policy must always exceed the policy's legal reserve.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

The purchase of term insurance is justified by which of the following circumstances? I. The insured wants to save money through the policy for a specific need. II. The insured has a temporary need for life insurance protection.
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

[joechoochoy]

Answer to Question 1

Answer: A

Answer to Question 2

Answer: B

[ericka1]

Thanks for the timely response, appreciate it

[miss_1456@hotmail.com]

TYSM