Quiz 03/05/2018: Life Insurance Accounts
1. The value of which type of insurance account is counted as an asset to the person owning the insurance?
A) Whole life
B) Term life
2. Just prior to moving in, an applicant's husband died. The applicant received $250,000 from his term life policy. This money is not counted because it was the proceeds from a term, not whole, life policy.
True or False