1. True or False. My life insurance should equal at least five times my annual income. 2. True or False. Since premiums for 5-year renewable term life insurance are much lower than premiums for the same death benefit in whole life, the term policy is a better buy. 3. True or False. For any life insurance product, companies offer a wide range of different premium rates. 4. True or False. Life insurance companies are regulated and are backed by the Federal Life Insurance Protection Corporation (FLIPC). 5. True or False. With a whole life policy, I can get the cash value and my beneficiary gets the death benefit. 6. True or False. Dividends paid to life insurance policyholders aren’t taxable income. 7. True or False. I’m financing the purchase of a new car, so I should buy the optional life insurance the bank offers to pay off the loan in case anything happens to me. 8. True or False. I missed a premium payment on my policy when I was sick, so I’ve lost my life insurance. 9. True or False. If I don’t need my life insurance any more, I should just stop paying premiums. 10. True or False. If I decide a new policy is better, I should drop the one I have and buy another.