For each of the following statements, indicate your response by writing “T” or “F”.

a. Stock life insurance companies generally sell participating (or par) policies. 

b. Mutual life insurance companies specialize in the sale of nonparticipating (nonpar) policies. 

c. If you wish to pay exactly the same premium each year, you should choose a nonpar policy. 

d. Permanent insurance is also known as whole life, straight life, ordinary life, and cash-value life insurance. 

e. Term life insurance is the most expensive type of policy.