Author: Anonymous

Question Group 2: Case Study 2 – Growing Family (40 pts) Case Prompt (Text – no question): James (35) and Alex (33) are married with two children ages 3 and 6. James earns $90,000 per year and is the primary income earner. They have a $320,000 mortgage, childcare expenses, and modest savings. Alex works part-time. Question 4 (Multiple Choice – 5 pts) Question:What financial risk is life insurance MOST directly addressing in this case?

Question 5 (Essay – 10 pts) Question:Why is term life insurance generally more appropriate than permanent life insurance for James at this stage?

A comparison of the weights of babies who survived versus those that died of a severe respiratory disease is shown in the boxplots below. True or False: The median weight of the babies that died is greater than the 25th percentile of the weights of the babies that survived.  

As of January 1, 2026 the concept of sub asgency has been totally removed from the TRELA

Which causes-of-loss form should be selected for ‘direct physical loss’ under the business and personal property coverage?

What is a deductible in auto insurance?A. The amount the insurance company always paysB. A monthly car paymentC. The amount you pay before insurance covers a claimD. A speeding ticket fee

What have you learned in this course that will most likely help you when buying or selling personal business and property insurance? 

Which chapter or chapters in this course has prepared you for dealing with insurance matters? Explain:

A commercial umbrella policy can cover amounts exceeding the limits of underlying insurance policies.

A computer repair business should purchase coverage for property held by bailees to protect against damage to customers’ computers left for repair.