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Brandish owns a home with a replacement cost of $300,000.  He has $200,000 of property insurance with an 80% coinsurance requirement and a $1,000 deductible.  Brandish suffers a loss of $60,000.  How much will his insurance company pay?

Harrison is 65 years old and about to retire.  His table life expectancy is 20 years.  He has $100,000 in his pension plan, which provides for annuity options, not lump-sum distributions.  Harrison has four daughters and wants to make sure he or his family receives payments for at least 20 years and that he can leave other assets to his children.  He wants to participate in equity returns.  Which of the following is most suitable for Harrison?

SECCIÓN 1: GRAMÁTICA

Which homeowners policy form is designed for the tenants of rental property?  

Under the HO-3 policy, all open-perils are covered, with some exceptions. All of the following are perils that are excluded from an HO-3 policy, EXCEPT:

Mick learned that he has a rare disease and is not expected to live more than six months.  He has a life insurance policy with a $400,000 death benefit that he could sell in a viatical settlement for $200,000.  Mick has paid annual premiums of $2,000 per year for 15 years and has a cash surrender value of $26,000.  On what amount would Mick owe taxes if he sells his policy?

Which of the following statements is correct about paying for long-term care services?

There are various factors that influence the need for long-term care insurance. Which of the following is correct regarding these factors?  

Izn, age 48, has $200,000 of group term life insurance through his employer.  He pays $140 per year and his employer pays the remainder.  If the IRS Table 1 rates per $1,000 are $0.15 per month, what is Izn’s imputed taxable income for this coverage?

When comparing group long-term disability (LTD) with individual LTD policies, differences include all the following EXCEPT: