Author: Anonymous

Ken purchased a PAP with liability limits of 100/300/50, medical payments coverage, and collision coverage. Ken fell asleep while driving late at night. He crossed the center line and hit a car approaching from the other direction. The following losses occurred.The driver of the other car suffered $30,000 in bodily injuries.Ken’s car sustained $5,000 in damages.Ken incurred $5,000 in medical expenses.The car that Ken hit was a total loss.Which of Ken’s Personal Auto Policy (PAP) coverages will cover the damage to the car that Ken hit?

Which of the following statements about limited-payment life insurance is true?

Which of the following situations would be covered by the liability section of an unendorsed PAP if the insured is legally liable?

Which of the following statements about eligibility requirements for qualified Health Savings Accounts (HSAs) is (are) true?I.Only individuals who are eligible for Medicare benefits can establish a qualified HSA. II.Applicants must be covered by a high deductible health plan and not be covered by any other comprehensive health plan to establish a qualified HSA.

All of the following statements about current assumption whole life insurance are true EXCEPT

All of the following statements describe the flexibility available to the owner of a universal life insurance policy EXCEPT

Which of the following is a covered person under the medical payments coverage of the PAP?

Which of the following statements about term insurance is true?

Some managed care plans use physicians, hospitals, and health care organizations that agree to make medical services available to insureds at discounted fees. Insureds are not required to use these entities, but if they do, health care costs are less than if these entities are not used. Such health care entities are called

Which of the following statements about variable universal life insurance is (are) true?IVariable universal life insurance has fixed premium payments. II.Variable universal life insurance allows the policyowner to decide where the premiums are invested.