Sarah has a young son with special needs.  She would like to purchase enough life insurance so that, should something happen to her, she could provide $50,000 per year for his care for the rest of his life.  Sarah anticipates the life insurance death benefit could be reinvested to earn a 5% net rate of return.  Using the capitalized earnings method, how much life insurance should Sarah purchase?

A rain slick street, which increases the chance of an automobile accident, is an example of a:

Pat and Sam were just divorced. Pat had insurance from Sam’s employer. As a result of the divorce, Pat can continue with the same insurance coverage for how many months under COBRA?

Under what type of insurance policy must an insured always have an insurable interest at the time of loss to receive payments?  

Which of the following statements concerning term life insurance is correct?

Which of the following is true regarding long-term care:  

Izn, age 48, has $200,000 of group term life insurance through his employer.  He pays $140 per year and his employer pays the remainder.  If the IRS Table 1 rates per $1,000 are $0.15 per month, what is Izn’s imputed taxable income for this coverage?

Justin H. purchased a life insurance policy many years ago and now feels he no longer needs the life insurance. He would like to do a 1035 exchange to an annuity that can provide him additional income for his golden years. Which of the following is correct regarding the exchange?

Scott lived in New Orleans during a recent hurricane. His home was destroyed by wind damage, and he was forced to live in a hotel for three months. Which section of his homeowners policy would reimburse him for the increased living expenses associated with the hotel stay?

Under a cross purchase buy-sell agreement for a company with 12 partners, how many insurance policies would they need to purchase?