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Life Insurance Q&A Quick Test Question #1: What kind of life insurance is designed to exist permanently? A. Credit Life B. Mortgage Life C. Term Life D. Variable Life Question #2: What type of life insurance is designed to cover short-term needs? A. Credit Life B. Mortgage Life C. Term Life D. Whole Life Question #3: True of False. A universal life insurance policy will always have a lower premium than a 20-year term policy. A. True B. False Question #4: For most people, what two factors alone may significantly reduce the coverage needed to protect their dependents? A. Monthly Survivor benefits from Social Security and pension plans B. Protection provided by their disability and long-term care policies C. Investments and cash reserves D. Relatives and other assets (e.g., the home) I'm ready to complete the Insurance Planning Quick Report now. AIG VALIC is the marketing name for the family of companies comprising VALIC Financial Advisors, Inc.; VALIC Retirement Services Company; VALIC Trust Company; and The Variable Annuity Life Insurance Company (VALIC); members of American International Group, Inc. < PREVIOUS NEXT COURSE > #38599