02 May QuestionLife And Health InsuranceWRITTEN ASSIGNMENT #5
Question
Life And Health Insurance
WRITTEN ASSIGNMENT #5
Read Chapter 14, 15, view the Power Points and other material in the Content tab.
1. 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?
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.