Those who have been receiving social security disability benefits for at least 12 months

Individuals age 65 or over

Individuals who are on kidney dialysis treatment and are currently in end-stage renal failure

Those who are eligible for social security disability benefits and have ALS

Dual occupation

Modified own occupation

Own occupation

Any occupation

(I), (II), and (III) only

(I) and (III) only

(I) and (II) only

(II), (III), and (IV) only

None of the above

All of the above

(I) only

(II) only

lower

higher or lower

more expensive

higher

The policy endows at age 100.

The policy will last beyond the insured's age 65.

The policy lapses at age 65 but may be renewed for longer

It is a whole life policy with premiums increasing until they stop at age 65.

non-deductible, non-taxable

deductible, taxable

deductible, non-taxable

non-deductible, taxable

(I) and (IV) only

(II) and (IV) only

(I) and (III) only

(II) and (III) only

Incontestable clause

Misstatement of age clause

Indemnity clause

Statute of Frauds clause

60 days

14 days

7 days

30 days

The insurance company will pay only the cumulative premiums plus interest earned.

No death benefit will be paid.

The insurance company will pay only the cumulative premiums minus interest earned.

The full death benefit will be paid.

(III) and (IV) only

(I) and (II) only

All of the above

(II), (III), and (IV) only

None of the above

(II) only

(I) only

All of the above

The dividends are taxed as long-term capital gains.

The dividends are taxed as ordinary income.

The dividends are non-taxable until the policy is surrendered.

The dividends are non-taxable because they are return of premium.

(I), (III), and (IV) only

All of the above

(I), (II), and (IV) only

(III) and (IV) only