Looking for help with an assignment? Connect with an assignment Expert Now!

What are the major differences between term and permanent life insurance?

What are the major differences between term and permanent life insurance?. . What are the major differences between term and permanent life insurance?  When is it best to get term insurance?

2. While driving in a severe thunderstorm Polly collided with another car.  Two passengers in the other vehicle were injured.  They filed suit against Polly.  One claimed $115,000 injuries and the other claimed $150,000 in injuries.  The driver of the other vehicle was not harmed, but his car’s damage totaled $6,600.  Polly has 100/300/50 coverage.

a) What amount will Polly’s insurance company have to pay to settle these claims?

b)What amount of money will Polly be responsible for paying out of her own pocket in this instance?

3. Amanda had an auto accident with another car with no injuries to anyone.  Amanda exchanged information with the other driver and he admitted he was at fault.  He begged her not to report it, saying he had a bad driving record and feared losing his driver’s license.  He promised to pay for repairing her car.

a) What should Amanda do?

b) Explain why.

4. Winston is married, has four children, owns his home, and has a roofing business.  One of Winston’s children has a hereditary heart condition that requires monthly hospitalization for monitoring.

a) What are the four major types of insurance coverage Winston would be wise to purchase?

5. You have a fee-for-service health insurance policy with 80/20 coverage. Your deductible is $750. In February you had a claim for a doctor’s visit for $250. In May, you have a minor surgical procedure at a clinic that cost $2500. How much of this new claim will you have to pay?

6. Kathy is a thirty-two year old, stay-at-home mother of three children aged 4,2 and six months.  The family doesn’t have much extra money each month.  Kathy has no life insurance coverage, but she feels she should buy a policy to cover her life in case something happens to her and her husband would need to provide care for the children.  Her husband does not think it is necessary.

a)What kind of life insurance policy would you suggest would be best for her to buy and why?

What are the major differences between term and permanent life insurance?

Get a Quick Quote

Approximately 250 words
Total price (USD) $: 10.99

Spend Hours doing a Paper or spend just $33 for a 3 page essay?

Tired writing homework

Reviews from Clients who Ordered this Paper

Our Benefits

Take a look at the characteristics of our custom essay writing service. We ensure that not only will your essay be delivered on schedule, but that it will also be of the finest possible quality.

Guaranteed Customer Satisfaction

We are always available to help with any revisions and deliver flawless results

Quick Results

Any deadline can be met. 400+ dedicated writers are waiting to finish your essay in as little as three hours.

Support is available

We’re here for you at all times and can answer in as little as one minute.

All papers reviewed

We examine our own database of completed orders to ensure that you always get original work.
b

Provide Detailed Instructions

  • Fill in instruction details on the order page such as length, title, slides, subject etc. and upload neccesary attachments
  • Provide additional parameters which you would like for your order such as writer category, formatting requirement, sources etc.

Login & Complete Payment

  • Once logged & completed payment, your order will be put to bid and assigned to suitable writer who matches your requirements.
  • The order is moved to ‘in progress’ on this stage.

Writing, Editing & Proofreading

  • Once the writer completes your order, he or she forwads it to the editing team for review.
  • The order is scrutinized for syntax or grammar error and checked for plagiarism with softwares such as turnitin.
h

Download Your Final Document

  • Upon satsfaction by the editing team, your order is moved to ‘completed’ tab where you can download final copy.
  • You can tip writer if you are satisfied with the order.
  • Approve the order or ask for revision if unsatisfied

Having a rough time with your urgent homework?

Place your order today and get it delivered before your deadline