What is the name of the special contract that pays a designated…

  

What is the name of the special contract that pays a designated… What is the name of the special contract that pays a designated amount of money to a beneficiary on the death of the policyholder? A.accident insurance B.auto insurance C.life insurance D.major medical insurance   What term describes a person who does not work and relies on someone else for their support, but if he/she dies, there are still burial expenses? A.a dependent B.a homemaker C.a working man D.a working woman   What statement most accurately compares term and permanent life insurances? A.Term life insurance last only for a finite amount of time and is more expensive than permanent life insurance. B.Term life insurance last only for a finite amount of time and is less expensive than permanent life insurance. C.Permanent life insurance lasts for a finite period of time and is more expensive than term life insurance. D.Permanent life insurance lasts for a finite period of time and is less expensive than term life insurance.   What statement is true for life insurance coverage? A.The policy only covers beneficiary’s future needs; funeral costs should not be included in the policy amount. B.Debt is forgiven at death, so insurance policies do not need to cover this cost. C.Life insurance policy amounts should factor in how much it would take to maintain the standard of living for the beneficiaries. D.Generally speaking, $10,000 is the recommended amount for a life insurance policy.   Laura could sell her car for $18,000, and she owes $5,500 on it. Which statement best describes how this situation affects her net worth? A.Laura has an $18,000 asset and a $5,500 liability. B.Laura has a $15,500 asset and an $18,000 liability. C.Laura’s car is considered a liability only because she still owes money on it. D.Laura’s car is considered an asset only because it is worth more than she owes.   Use the table to answer the .The sample life insurance premium table illustrates the monthly premium for every $25,000 of coverage.AgeNonsmoker MaleNonsmoker FemaleSmoker MaleSmoker FemaleUnder 24$3.00$2.50$4.50$4.0024 to 30$4.00$3.50$6.15$5.2531 to 40$5.50$4.40$9.00$6.5041 to 50$7.50$6.75$13.00$12.00 What is the insurance premium for a 42-year-old nonsmoking female who wants $125,000 in coverage? A.$33.75 B.$41.50 C.$58.25 D.$60.00                 Math Algebra MATH 314 Share (0)