1) Term insurance contracts generally do not have

Select one:

a. a clearly defined termination date,

b. lower premiums than other forms of insurance,

c. the option to convert the policy to another form of insurance,

d. cash values.

2) The ability of employers to take an income tax deduction for contributions to a retirement plan is important for all of the following types of plans except:

Select one:

a. defined benefit pension plans,

b. defined contribution pension plans,

c. 401(k) plans,

d. Section 403(b) plans.