Question

1.Term​ insurance:  ​(Select the best answer​ below.)

	A.	provides insurance for the term of the investment.
	B.	is life insurance provided over a lifetime
	C.	provides insurance for the term of employment.
	D.	does not serve as an investment

2.

How is this type of plan related to an​ HSA?  ​(Select the best answer​ below.)

	A.	Both an HSA and a​ high-deductible health plan have high deductibles.
	B.	In order for a person to be eligible for an HSA they must have a​ high-deductible health plan.
	C.	An HSA is the same thing as a​ high-deductible health plan.
	D.	In order for a person to be eligible for a​ high-deductible health plan they must have an HSA.

Answer 1

1) A. Provides insurance for the term of the investment

Term insurance is type of life insurance that provide insurance for specific period or term say 10 years or 20 years or so on. If the person dies and the term insurance is open or active , beneficiary will be paid face value of the insurance plan.It also serves as investment vehicle

2) B. In order for a person to be eligible for an HSA they must have a high deductible health plan.

An HSA is created for individuals covered under high deductible plan to save medical expenses that are not covered in high deductible health plan. HSA is an tax advantaged account. Thus HSA is not the same thing as high deductible health plan