Marquesha Long at age 55 wants to convert her $200,000 whole-life insurance policy to

$20,000 $500 GOOD $300,000 $18,500 (computer)

$40,000 $1,000 OCC $500,000 $25,000 (art and collectibles)

$40,000 $1,000 BAD $300,000 none

Linda Kodama owns a frame home in zone 2 valued at $95,000. The building is insured for $60,000 and the policy has an 80% coinsurance clause. How much will Linda receive from her policy if a fire causes $38,000 in damages?

Robyn Presley insures her masonry home located in zone 2 for $260,000 and adds an endorsement for $16,000 in antique collectibles. She has excellent credit and selects a deductible of $1,000. Find the total annual insurance premium.

Frank Hopkins has a homeowners policy for his brick (masonry) home located in zone 2 for its appraised value of $528,900 and selects a deductible of $1,500. If Frank has excellent credit, find his total annual homeowners premium.

1 GOOD 250/500/250 3 New $250 $500

1 OCC 100/300/100 2 4 years $0 $500

2 BAD 50/100/50 1 3 years $250 $1,000

The company car for the Greenwood Rental Agency in territory 2 for a driver is insured with 50/100/50 coverage. The car is model class 1, is 3 years old, and has a comprehensive deductible of $0 and a collision deductible of $500. What is the annual insurance premium if the credit rating is good?

Sally Greenspan has 100/300/100 liability coverage and lives in territory 2. She has a good credit rating and carries a comprehensive deductible of $250 and a collision deductible of $500. Her 4-year-old vehicle falls in model class 3. Find her annual insurance premium.

A driver in territory 1, Laura Jansky is buying an auto insurance policy with 100/300/100 liability coverage. She has a comprehensive deductible of $250 and a collision deductible of $1,000. Her new vehicle is in model class 2. Find her annual premium if her credit rating is OCC.

Cheuk NamLam lives in territory 1. He has auto liability insurance with 50/100/50 coverage. He has a $250 deductible for comprehensive and $500 for collision. His 8-year-old vehicle is in model class 2. Find his annual premium if his credit is BAD.

Male 25 20-year level term T $150,000

Female 30 Whole-life NT $200,000

Female 60 Whole-life NT $350,000

Female 35 10-year level term PREF $480,000

a. Find the annual premium paid by Sara Cushion, age 45, on a universal-life insurance policy for $500,000 if Sara smokes. b. Find the semiannual premium Sara would pay on the universal-life policy.

A whole-life policy purchased at age 50 by Thomas Wimberly costs how much more per $1,000 than the same policy for a male age 60? Use a non-tobacco rate.

How much are the total quarterly payments paid by Erich Shultz, age 40, and his wife Demetria, age 35, if each has a 20-year level term insurance policy for $300,000 and both use tobacco?

Marguerite Jones is 40 years old, uses tobacco, and decides to convert her $500,000 whole-life insurance policy to extended term insurance. Use 20-year level term rates to estimate the number of years of extended term life insurance her cash value of $27,879 will buy.

Marquesha Long at age 55 wants to convert her $200,000 whole-life insurance policy to extended term insurance with the same face value. Use 20-year level term rates to estimate the number of years of coverage her cash value of $14,053 will buy using a non-tobacco rate.