James and Joan Smith are married. The Smiths have a whole life policy with a face amount of $100,000 on each of them. The Smiths’ financial budget is tight, but they need more life insurance protection. What kind of policy would be the best buy for the Smiths?

During a recent violent storm in Kate’s town, a large oak tree fell through the middle of her living room. Which type of insurance will cover the damages?

Tommy met with his financial planner and discussed retirement options. Due to Tommy’s poor health, the planner suggested he purchase insurance that would provide coverage in case he could no longer take care of himself. Which type of insurance will Tommy purchase?

Michael works for Omega Company. All employees at Omega are offered health insurance through XYZ Insurance. Omega pays the cost of Michael’s major medical health insurance. Michael pays $200 per month for coverage on his wife and children through a payroll deduction. What type of health insurance does Michael have?

James and Joan Smith are married. The Smiths have a whole life policy with a face amount of $100,000 on each of them. Each policy has a cash value of $5,000. The premium is $30 per month for James and $25 per month for Joan. What is the consideration that makes a valid insurance contract?

Jose falls off a ladder at work and breaks his leg. Social security could cover him under what type of benefit?

After agreeing to sell her home to Jack, Lila refuses to turn over the paperwork due to a better offer from Sam. Jack needs to ask a judge to stop the sale to Sam by getting what?

Linda stepped into a hole and fractured her ankle while delivering a package to Carol’s residence. Which type of insurance would cover her injuries? A. Life B. Auto C. Homeowners D. Renters

On her 65th birthday, Teresa needs health care for a medical procedure. What type of social security benefit can she receive?

John wants to add his new wife to his existing life insurance policy. Which type of insurance will John purchase?

Max lost his arm in a farming accident. Which type of insurance will cover this loss?

James and Joan Smith are married. The Smiths have a whole life policy with a face amount of $100,000 on each of them. The Smiths have three children. Joan’s single sister, Mary, lives with them and cares for the children. The Smiths do not have a will. Mr. Smith wants Mrs. Smith to get the money from the insurance if he dies. How should Mrs. Smith be listed in the policy?

James and Joan Smith are married. The Smiths have a whole life policy with a face amount of $100,000 on each of them. The Smiths have three children. Joan’s single sister, Mary, lives with them and cares for the children. The Smiths do not have a will. Mr. and Mrs. Smith are concerned about dying together in an auto accident. To be sure their children get the life insurance money, how should the children be listed in the policy?

Roger wants to purchase insurance that will provide financial support for his family in the event of his death. Which insurance should he purchase?

When Rick begins his new job, he gets insurance and pays for it monthly. He develops cancer and must have radiation treatments. His insurance will not cover the radiation treatments. What term identifies this situation?