What are the major differences between term and permanent life insurance?

What are the major differences between term and permanent life insurance?

Life And Health Insurance

RITTEN ASSIGNMENT #5

Read Chapter 14, 15, view the Power Points and other material in the Content tab.

  1. What are the major differences between term and permanent life insurance? When is it best to get term insurance?
  2. While driving in a severe thunderstorm Polly collided with another car. Two passengers in the other vehicle were injured. They filed suit against Polly. One claimed $115,000 injuries and the other claimed $150,000 in injuries. The driver of the other vehicle was not harmed, but his car’s damage totaled $6,600. Polly has 100/300/50 coverage.

a) What amount will Polly’s insurance company have to pay to settle these claims?

b)What amount of money will Polly be responsible for paying out of her own pocket in this instance?

Scroll to Top