1. A modified whole life contract would probably be best suited for which of the following individuals?
a highly-paid professional athlete
a recent college graduate with dependents.
a successful business executive.
a person approaching retirement.
2. In comparing the differences in cost between two life insurance contracts
dividends cannot be guaranteed and should be disregarded.
nonparticipating policies are always cheaper in the long run.
participating policies are always cheaper in the long run.
none of the above.