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FINANCE QUESTIONS!.. Help?

1. A risk of home ownership is that: a.interest rates may change with a conventional mortgage. b.property values may decrease. c.mortgage interest is not tax deductible. d.only a portion of real estate taxes are tax deductible. I'm thinking its B, but I could be wrong.. Which one of the following statements is true? a.With universal life insurance, changing the premium will change the amount of coverage. b.Whole life insurance generally allows the policyholder to change the amount of the premium. c.Decreasing term life insurance allows for premium payments that decrease over time. D. Universal life insurance allows access to cash value by a policy loan or withdrawal.

Public Comments

1. 1) b a is wrong as a conventtional morgage has a fixed rate by definition c and d are wrong because all morgage interest and real estate taxes are deductable. 2) a b is wrong. a whole life premium is the same for the life of the policy c is wrong. in decreasing term, the death benifit decreases over time. d is wrong. Universal policys allow loans, not withdrawals. ****note I am not 100% sure of the insurance question as I can not find my old insurance textbook. If nobody confirms this you should run this question in the insurance forum. EDIT I Think both A and D are true. I am finding information that supports both answers. Will continue looking for my textbook.
2. 1 B 2 D