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    Know life insurance? Quiz yourself

    Know life insurance? Quiz yourself

    Life Insurance

    By Allen Wastler

    Allen Wastler is a former financial journalist with over 30-years of experience, including time at CNBC, CNN, and Knight-Ridder Newspapers.

    Posted on Sep 2, 2020

    Did you know September is Life Insurance Awareness Month? 

    And in its honor, we have this little quiz (answers at bottom) …

    The world’s largest life insurance policy, $201 million according to Guinness World Records, is for a …

          A. European banking official in Switzerland

          B. Silicon Valley billionaire

    Walt Disney used his life insurance policy to help secure funding to build Disneyland…

          A. True

          B. False

    The cost of a 20-year, $250,000 term life insurance policy for a healthy, non-smoking 30-year-old may be …

          A. More than $500 a year

          B. Less than $200 a year

    Before their mission, the Apollo 11 astronauts set up a cache of autographs to sell because they could not get life insurance….

          A. True

          B. False

    Who developed the first life mortality table?

          A. Isaac Newton (the gravity guy)

          B. Edmond Halley (the comet guy)


    Answers: B2, A3, B4, A5, B6

    Guinness World Records, “Mystery Billionaire takes out historic life insurance policy,” March 13, 2014. http://www.guinnessworldrecords.com/news/2014/3/mystery-billionaire-takes-out-historic-%24201-million-life-insurance-policy-56096

    Huffington Post, “How Walt Disney Funded his Dream,” Dec. 19, 2017 https://www.huffingtonpost.com/entry/how-walt-disney-funded-his-dream_us_5a38ebc1e4b0578d1beb72a1

    Life Happens/LIMRA, “2017 Insurance Barometer,” 2017. (Actual cost: $160)

    NPR, “What the Apollo Astronauts Did for Life Insurance,” Aug. 30, 2012, https://www.npr.org/sections/money/2012/08/30/160267398/what-the-apollo-astronauts-did-for-life-insurance

    Journal of the British Astronomical Association, “Edmond Halley, Scientist,” August, 1985. http://articles.adsabs.harvard.edu/cgi-bin/nph-iarticle_query?1985JBAA...95..193H&data_type=PDF_HIGH&whole_paper=YES&type=PRINTER&filetype=.pdf

    Provided by Lenox Advisors courtesy of Massachusetts Mutual Life Insurance Company (MassMutual)

    The information provided is not written or intended as specific tax or legal advice. MassMutual and its subsidiaries, employees, and representatives are not authorized to give tax or legal advice. You are encouraged to seek advice from your own tax or legal counsel. Opinions expressed by those interviewed are their own and do not necessarily represent the views of MassMutual.

    ©2020 Massachusetts Mutual Life Insurance Company (MassMutual®), Springfield, MA 01111-0001. All rights reserved. CRN202204-264002



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