All of the Following Questions Need to Be Answered Before

question 8

Multiple Choice

All of the following questions need to be answered before making the life insurance buying decision, except:

• A) Duration of the need
• B) Concern about the financial viability of the current insurer
• C) Capacity of the policyholder to fund premiums
• D) Cost of the premium compared to alternatives
• E) All of these questions need to be answered

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Definitions:

Form 1040

The standard IRS form that individuals use to file their annual income tax returns.

Household Workers

Individuals employed within a private home to perform domestic tasks, such as cleaning, cooking, and childcare.

Quarterly 941 Return

A quarterly tax form employers file to report federal withholdings and Social Security and Medicare taxes for employees.

Annual 940 Return

The Annual 940 Return is a federal tax form used by employers to report their annual Federal Unemployment Tax Act (FUTA) tax.