Your Policytype™ For Life Insurance

10 Questions | Total Attempts: 44

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Insurance Quizzes & Trivia

Let our unbiased PolicyType™ algorithms guide you towards the types of life insurance you should be considering.


Questions and Answers
  • 1. 
    Are you currently saving enough in your 401k to get the full matching employer contribution?
    • A. 

      Yes

    • B. 

      No

    • C. 

      I don't get any match from my employer.

    • D. 

      I don't have a retirement plan thru work.

  • 2. 
    How many months of expenses do you normally keep in cash reserves?
    • A. 

      Less than one month

    • B. 

      1-2 months

    • C. 

      2-3 months

    • D. 

      More than 3 months

  • 3. 
    What percentage of your income each month is salary or guaranteed?
    • A. 

      100%

    • B. 

      75% to 100%

    • C. 

      50% to 75%

    • D. 

      Less than 50%

  • 4. 
    What is your credit score?
    • A. 

      Less than 600

    • B. 

      600-700

    • C. 

      700-800

    • D. 

      Above 800

  • 5. 
    What is your risk number? (or risk tolerance)
    • A. 

      Less than 25 (Conservative)

    • B. 

      25-50 (Moderate)

    • C. 

      50-75 (Moderately Aggressive)

    • D. 

      Above 75 (Aggressive)

  • 6. 
    What is your annual taxable household income?
    • A. 

      Less than $100,000

    • B. 

      $100,000 to $250,000

    • C. 

      $250,000 to $500,000

    • D. 

      Above $500,000

  • 7. 
    How much debt as a percentage of your annual income do you currently carry? (Excluding mortgage)
    • A. 

      Less than 10%

    • B. 

      10% to 25%

    • C. 

      25% to 50%

    • D. 

      Above 50%

  • 8. 
    After 401k or other retirement plan contributions, how much do you save as a percentage of your monthly income? 
    • A. 

      Less than 10%

    • B. 

      10% to 25%

    • C. 

      25% to 50%

    • D. 

      More than 50%

  • 9. 
    How long would you need to live before your beneficiary(s) no longer needed the life insurance proceeds?
    • A. 

      Less than 10 years

    • B. 

      10-20 Years

    • C. 

      Over 20 Years

  • 10. 
    Out of these three possibilities, which one is LEAST important to you?
    • A. 

      Keeping the monthly out of pocket costs as low as possible

    • B. 

      Having options to continue the coverage should my health become a problem

    • C. 

      The financial stability of the insurance company

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