Wise Practice Test #2 Questions and Answers | 100% Correct Answer | Grade A+

For the past five years, a person has had a $20000 whole life insurance policy that has a cash value clause. The person decides to surrender the policy. At the time of surrender, the person will receive Ans: A calculated amount who includes the premiums paid as well as the interest on that money. A person buys a flat screen, plasma, theater-like television. There person has homeowner's insurance. Why would it be appropriate to add a personal property floater to that insurance? Ans: To cover the cost of replacement should the television get damaged or stolen A woman has just received a very expensive piece of jewelr. The woman has HI. Which type of insurance would it be most appropriate for her to make to her insurance agent? Ans: "I think I need a person property floater" Debbie owns a clothing store. She is concerned that co=ustomer who is injured i tn the store will sue. Which type of insurance should debbie purchase? Ans: Liability insurance Lucy has no insurance. The situations she should consider insuring against first are: Ans: Losses resulting from an illness, accident,t or disability If a person makes a deposit of $10000 or more into a bank account, the bank must notify the Ans: US treasury department Which financial product has the most predictable income Ans: Certificate of Deposit Travelers checks often use for vacat