Which of the following statements about indexed universal life insurance is true?

Which of the following statements about a decreasing term insurance policy is true?

Because of the Affordable Care Act, all new medical expense plans that offer individual and group coverage must accept all individuals and employers in the state who apply for coverage. These insurers are required to continue to renew the coverage at the option of the individual or plan sponsor. Thus, under the Affordable Care Act, the renewal provision is

Which of the following statements about a decreasing term insurance policy is true?

Which of the following persons is (are) insured under the uninsured motorists coverage of the PAP?I.A pedestrian struck by a covered auto if he or she has no insurance to pay medical expensesII.The spouse of a named insured who is killed by an uninsured motorist

All of the following statements about current assumption whole life insurance are true EXCEPT

Sarah purchased a Personal Auto Policy with liability limits of 50/100/25. Sarah ran a stop sign and hit a van. The van sustained $15,000 in damages. The following bodily injuries were suffered by passengers in the van: Passenger #1, $15,000; Passenger #2, $60,000; and Passenger #3, $10,000. Sarah sustained $5,000 in medical expenses, and Sarah’s car sustained $10,000 in damages. How much will Sarah’s insurer pay under Part A: Liability Coverage?

Ken purchased a PAP with liability limits of 100/300/50, medical payments coverage, and collision coverage. Ken fell asleep while driving late at night. He crossed the center line and hit a car approaching from the other direction. The following losses occurred.The driver of the other car suffered $30,000 in bodily injuries.Ken’s car sustained $5,000 in damages.Ken incurred $5,000 in medical expenses.The car that Ken hit was a total loss.Which of Ken’s Personal Auto Policy (PAP) coverages will cover the damage to the car that Ken hit?

Which of the following situations would be covered by the liability section of an unendorsed PAP if the insured is legally liable?

Which of the following statements about limited-payment life insurance is true?