How do you think your insurance IQ would fare against the rulers of the free world?
You might be surprised …
Test your life insurance IQ
[HINT: Trump Would Score 6 Out of 10]
Life Insurance IQ Question Answer
Trump's Score: 6/10
You can assume that Donald Trump would do 100% on this quiz because he has already said he "understands everything" about insurance.
But given his recent statements, we feel he would miss the questions in red below.
Here are the answers:  What type of insurance costs less for a 20-year-old: term or obamacare?
A term life insurance. You can see sample rates of all ages here.
How long has Obamacare been in place?
7 years, although President Trump infamously said that Obamacare has "been the lifeblood of hard-working Americans" for 17 years.
Can you buy insurance on someone you want?
No, there must be something called "insurable interest", which means that their death will affect you financially.
This means that you may be able to buy life insurance on your spouse, parents, children, business partner, a key employee as well as many others, but not on your neighbor, Joey, whose death would not affect your wallet.
Who pays more? A person who takes high blood pressure medication or someone who controls it on their own and takes them as needed?
Many companies actually do not care if you take blood pressure medication as long as your BP is well controlled.
What they do NOT like is that you take your prescribed medication sporadically, as you see fit, instead of as recommended by your doctor. Visit our life insurance with existing terms here.
RELATED: 5 Critical Tips You Must Know Before Buying Life Insurance
How Much More Do You Pay For Life Insurance If You Have Diabetes?
It is about twice as large as a preferred health premium. Life insurance companies ARE allowed to discriminate / adjust their prices based on your health (for now, anyway.) See our life insurance with diabetes guide.
What tactics will help you save on property taxes? can help you get assets out of your name, so at death they will not be valued as part of your property.
Even if you have a property tax problem, you can buy life insurance to pay the tax bill, to pay a penny on the dollar compared to your property taking the whole bill.
At Obamacare, at what point are employers required to provide medical care?
At 30 hours. Trump waives whether ALL of his employees are covered by Obamacare or any of them. It seems that Trump is either lying about the number of employees under Obamacare or simply does not know based on his statement here.
Existing health conditions?
AIG Direct specializes in insuring people just like you. From high blood pressure to diabetes, AIG Direct has seen everything and since they have access to several companies, they can find the absolute lowest prices! Click below to see if you qualify.
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How is life insurance income usually taxed?
They are not usually taxed for federal income tax, but may be included in your taxable property. Be sure to talk to a knowledgeable agent about your property and how to avoid taxation.
Work-insured life insurance
These insurances are almost NEVER portable. This means that if you leave the job, you will probably lose your life insurance. Make sure you have a backup plan!
We'm pretty sure Donald would miss this one because he misspelled it on Twitter.  In an interview with Time Magazine, he said:
"Because you basically say from the moment the insurance is, you are 21 years old, you start working and you pay $ 12 a year for insurance, and when you are 70 you get a good plan.
It seems that Trump may confuse the cost of life insurance for a 21-year-old with the cost of health insurance.
RELATED: Check Examples of Life Insurance Rates by Age (No Personal Information Required)
Does President Trump Know the Difference Between Health and Life Insurance? Mr Trump has already notoriously stated that it only took him "a short time to understand everything about health care."
In February, President Trump said infamously, "No one knew that care could be so complicated," and we thought he might not put his foot in that mouth again.
But then he did it!
According to President Trump in an interview with the Economist in May:
"Insurance is, you're 20 years old, you just graduated from college and you start paying $ 15 a month for the rest of your life and when you is 70, and you really need it, you still pay the same amount and that's really insurance. "
One possible explanation is that Trump does not state the cost of health insurance but rather states the ideal cost of health insurance.
* While we do our utmost to keep our website up to date, please be aware that" in a timely manner " information on this page, such as quotation estimates or relevant company information, may only be accurate from the last day of editing. Huntley Wealth & Insurance Services and its representatives do not provide legal or tax advice. Contact your own legal or tax advisor.