Jonathan estimates that financial resources worth $3,000,000 will be necessary to protect his family after his death. What amount of insurance, as per the needs analysis method, should Jonathan purchase if he has current financial resources worth $1,000,000?

Question 6 options:

$1,000,000

$2,000,000

$2,500,000

$1,500,000

$500,000

Universal life insurance is:

Question 10 options:

	a deferred premium payment policy.
	primarily sold to college students.
	a combined savings/investment plan and insurance policy.
	a provision for a secondary beneficiary.
	less expensive than other policy types.