Which of the following is false regarding the annuity contract?

Sarah has $250,000 and wishes to purchase a single-premium annuity. All other things being equal, which of the following annuities will provide her with the smallest monthly liquidation payment?

The contract feature that waives life insurance premiums if the insured becomes permanently disabled is the:

The renewability option in term life insurance:

Dameion has a collision that is his fault.  The ACV of his vehicle is $13,922.  To repair the damages caused in the accident, it will cost $15,722.  What will the insurer likely pay Dameion under his COLLISION coverage, assuming his deductible is $500?

You are in an automobile accident with an uninsured motorist, and the accident is your fault.  Your Uninsured Motorist limits are 10/20 and your medical bills are $22,000.You collect from your UM coverage:

Which part of the insurance contract personalizes the coverage to the individual’s exposure?

Under the Personal auto Policy Liability Coverage, the “insured” is:

Mr. Green’s 24-year old son still lives at home while attending college part-time.  The son also has an apartment near his college campus.  His stereo is stolen from the apartment.  The stereo has a $1,400 replacement cost, and an actual cash value of $900.  If there is a $200 deductible on Section I, how much will the HO‑2 contract pay for the stolen stereo?

Property insurance policies are standardized for all the following reasons except: