1. A disability income insurance policy on which premiums are paid weekly must have a grace period of

at least seven days.

ten days.

thirty-one days.

there is no grace period on weekly premium policies.

2. Which of the following annuities paying a $100 monthly benefit would have the greatest purchase price?

a single-life annuity purchased by a female age 65.

a single-life annuity purchased by a male age 65.

a single-life annuity with cash refund purchased by a female age 65.

a single-life annuity with cash refund purchased by a male age 65.