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91) A pipe fell off a moving truck into the path of the car behind it.

Question : 91) A pipe fell off a moving truck into the path of the car behind it. : 2139076

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91) A pipe fell off a moving truck into the path of the car behind it. The driver and passenger were each awarded $37,000 by the court and damage to the car was $17,000 The truck driver had 25/50 liability insurance limits and $10,000 property damage limits. Find the amount that the insurance company must pay and the amount that the insured must pay.

A) $60,000, $ 31,000

B) $ 74,000, $0

C) $50,000, $ 74,000

D) $10,000, $ 7,000

92) Four people are injured in an auto accident, and each receives $21,000 in damages from the court. The driver has liability limits of 100/300. Find the amount that the insurance company must pay and the amount that the insured must pay.

A) $300,000, $ 16,000

B) $100,000, $ 16,000

C) $0, $ 63,000

D) $ 84,000, $0

93) Poor visibility caused Vicky Weiner's car to crash into another car. She had 25/50 liability limits, $10,000 property damage limits, and collision coverage with a $300 deductible. Damage to her car was $4,152 and to the other car was $11,800. A lawsuit awarded $22,000 and $35,000 in damages for personal injury to the two persons in the other car. How much will the company pay and how much must Vicky Weiner pay?

A) $ 63,852, $ 7,300

B) $ 65,652, $ 9,100

C) $ 63,852, $ 9,100

D) $ 65,652, $ 7,300

Find the indicated premium. Round to the nearest cent.

94) Find the annual premium.

Face Value:

$45,000

Age of Insured:

25

Sex of Insured:

F

Type of Policy:

Whole life

 

A) $ 227.70

B) $ 116.10

C) $ 183.15

D) $ 102.60

95) Find the semiannual premium.

Face Value:

$70,000

Age of Insured:

40

Sex of Insured:

M

Type of Policy:

20-pay life

 

A) $ 866.08

B) $ 1,698.20

C) $ 771.12

D) $ 452.32

96) Find the quarterly premium.

Face Value:

$40,000

Age of Insured:

30

Sex of Insured:

F

Type of Policy:

Whole life

 

A) $ 58.86

B) $ 226.40

C) $ 52.62

D) $ 202.40

97) Find the annual premium.

Face Value:

$45,000

Age of Insured:

50

Sex of Insured:

M

Type of Policy:

Universal life

 

A) $ 1,180.35

B) $ 965.70

C) $ 1,466.55

D) $ 477.90

98) Find the monthly premium.

Face Value:

$45,000

Age of Insured:

30

Sex of Insured:

F

Type of Policy:

Term

 

A) $ 85.05

B) $ 7.72

C) $ 7.44

D) $ 81.90

99) Find the monthly premium.

Face Value:

$30,000

Age of Insured:

30

Sex of Insured:

M

Type of Policy:

Term

 

A) $ 4.96

B) $ 56.70

C) $ 5.15

D) $ 54.60

100) Tom Crenna buys a whole life policy at age 25. The policy has a face value of $55,000. Find the annual premium.

A) $ 223.85

B) $ 141.93

C) $ 281.05

D) $ 278.30

101) Susan Meyer buys a premium term policy at age 25. The policy has a face value of $45,000. Find the monthly premium.

A) $ 7.44

B) $ 18.72

C) $ 21.29

D) $ 6.54

102) Albert Newsom buys a universal life policy with a face value of $60,000. He is 35 years old. Find the quarterly premium.

A) $ 116.22

B) $ 40.59

C) $ 119.81

D) $ 227.97

103) Find the total premium paid over 30 years for a whole life policy with a face value of $20,000. Assume the policy is taken out by a 25-year-old woman.

A) $ 3,036.00

B) $ 2,442.00

C) $ 2,088.00

D) $ 3,066.00

104) Find the total premium paid over 30 years for a universal life policy with a face value of $35,000. Assume the policy is taken out by a 25-year-old man.

A) $ 5,365.50

B) $ 5,040.00

C) $ 2,709.00

D) $ 5,313.00

105) SLM Instruments wants to protect itself in case of the death of its founder and head. It buys a premium term policy on the executive with a face value of $115,000. She is 35 years old. Find the quarterly premium.

A) $ 19.74

B) $ 117.89

C) $ 60.10

D) $ 56.51

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