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Take our quick and easy quiz* to test your knowledge and plan more effectively for your future.

Test Your Knowledge

1. Beneficiaries of life insurance policies pay no income taxes on their lump-sum benefits.

True

False

2. Buying life insurance is a complex decision. What percentage of people find it difficult to determine the correct amount of life insurance for the needs of their family?

15%

33%

50%

83%

3. People at which of the following income levels believe they need more life insurance?

	Less than $25,000/year
	Between $25,000/year and 50,000/year
	More than $50,000/year
	All of the above

*Quiz questions based on information obtained from LIMRA International, September 2005.

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Updated 7/6/2007