1. Mary has 500,000 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 ?
a) 10 year period certain, joint and 80 % survivor, single premium
b) 10 year period certain, joint and survivor, single premium
c) 10 year period certain, joint and ? survivor, single premium
d) straight life annuity , single premium
2. Which of the following statements concerning renters insurance is false:
a) renters insurance is too expensive
b) my landlord’s insurance protects me and my stuff
c) the landlord is liable if someone trips in my apartment and gets injured
d) it is a Ho-6 policy
e) none of the above, in other words, all of the above statements are true concerning renters policy.
3. John (homeowner) slips and falls in the bathroom. His injury is covered by the a HO-3 policy under the medical payments (part B) coverage. True or false