1) Optionally renewable policies can be canceled only at the time of expiration and
renewal.
2) Workers compensation covers a full range of health care losses for job-related
injuries and illnesses.
3) The principal borrowed from a cash-value life insurance policy can remain
outstanding until the insured dies.
4) Buying a series of bonds with varying maturity dates to match your time horizon is
called laddering.
5) A preferred provider organization is a group of health care providers who contract
with a health insurance company to provide services at a discount.
6) The policyholder may increase or decrease the amount of premium paid with a
variable life insurance policy.
7) Variable-universal life insurance policies have more flexibility than either universal
or variable life insurance.
8) Anyone qualified for the Social Security retirement program is qualified for
Medicare Part A at age 65 .
9) A mutual fund family is a group of individual funds under the same management
company.
10) Subleasing means leasing the property from the original tenant to another tenant
before the lease expires.
11) Most alternative lending approaches aim to keep the monthly payment as low as
possible.
12) Transfer costs are generally 6 to 7 percent of the property’s sale price.
13) The premiums for a $100,000, 20-year, decreasing term policy would be less than
the premiums for a $100,000, 20-year policy with a fixed face value, other things being
equal.
14) The National Automobile Dealers Association website is a good source of used car
prices.
15) Affinity cards are a source of revenue for the sponsoring organization.
16) People who pursue options and futures investments should have a
moderate-to-aggressive investment philosophy.
17) Comprehensive personal liability insurance is available both through homeowner’s
insurance and through a separate liability policy.
18) Short-term health insurance is an affordable way for college graduates to have
coverage until the plan provided by an employer can be established.
19) When comparing salary offers from employers in different cities, you should gather
information regarding the approximate cost of living in each city.
20) A survivorship joint life policy pays when the first insured dies.
21) Homeowners may find it advantageous to refinance a mortgage when interest rates
rise.
22) A service contract comes at no additional cost and offers free repairs for a specific
period of time.
23) A loan amortization schedule will reveal that with each subsequent payment, the
portion of each monthly payment that goes towards interest increases while the portion
that goes towards the principal decreases.
24) Original deeds and mortgage papers should be stored in one’s home file.
25) Pensions can be collected before retirement from an employer.
26) The value of an asset less the amount owed on a debt used to buy the asset is your
stake in the asset.