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You choose to carry the minimum liability car insurance. You hit a car with 3 people inside. The car is valued at $30,000. Injuries to
You choose to carry the minimum liability car insurance. You hit a car with 3 people inside. The car is valued at $30,000. Injuries to the 3 people are: $50,000, 10,000, 30,000. How much will you owe after your insurance pays its part?
a. | $5,000 | |
b. | $15,000 | |
c. | $25,000 | |
d. | $35,000 | |
e. | You will not owe anything. |
The settlement option chosen for most beneficiaries of a life insurance policy is
a. | fixed amount. | |
b. | fixed time. | |
c. | life income. | |
d. | lump sum. | |
e. | interest only |
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