Assignment

1. Explain whether each of the people described in the following scenario has coverage under Part A of the PAP and say why or why not, Bob, the named insured, is an auto mechanic, Bob and his wife, Belle, own and drive a Ford. They have two children, Ben and Bill. Ben, age twenty-six, isin the US. Army and comes home to visit about wice a year, Bill is sixteen, lives at home, and has a learner's permit but no permanent driver's licens Ben often rents cars on weekends and drives battle tanks as his military assignments. Bob drives the church van to pick up nondriving members each Sunday, Bob also test drives vehicles after he has epaired them at his place of employment, Barney's arage. Bill has been known to lend the family car is teenage pal, Bubba. Once, Bubba actually lent hi car to his girlfriend, brenda.

2. Describe the different approaches used to address the problem of uninsured motorists.

3. Why is the from a mortgage clause of the HO desirable lender's viewpoint?

4. why do property insurance policies contain exclusions? Illustrate your answer with examples from the HO

5. other than life insurance, what assets are available to most American families at death?

6. What is the purpos of a will? What happens if a person dies without a valid will?

7. describ how the primary goals of financial planning change the early,middle,and late years of the planning process.

Case

How many people were killed in automobile accidents in your state in the most recent year for which data is available? Describe one of the leading causes of fatal automobile accidents. Type question into "search".