In a systematic sampling study, if the sampling frame has 1,500 names and the desired sample size is 50, the "skip interval" should be:

a. 25
b. 0.03
c. 50
d. 30
e. 15

Ans: d. 30

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Which statement is true regarding policy dividends?

A) Dividends are always guaranteed B) Nonparticipating policies issue dividends C) Dividends are always taxable D) A dividend option is selected by the insured at the time of policy purchase

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Why does a tax-deferred retirement account accumulate more money than a taxable account, assuming the same amount is contributed every year and the accounts earn the same return every year?

A) There are different investment options available for tax-deferred accounts. B) You can take bigger risks with assets that generate higher returns in a tax-deferred account. C) With tax-deferred accounts, there are no income or capital gains tax liabilities on account activity. D) All of the above are correct E) Only A and B are correct.

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