FIN 512 Lecture Notes - Lecture 2: Joint Replacement, Contingent Liability, Disability Insurance
Document Summary
Questions 1 to 3 are based on the following: If they live in a province where there is no fault insuranace sandras insurance company is responsible to pay sandaras damage. ch3 pg2. If sandra and sue live in a province that has no-fault insurance, all of the following will be the result of the accident except: Mike and sarah have been dating for 5 years. They plan to buy a house together one day in the future, north of the city, after they are married. Sarah owns life insurance from her company benefit plan and mike is the named beneficiary. Mike on other hand does not think there are any benefits to owning life insurance, and does not own it. Therefore, sarah tells mike that she will buy a life insurance policy on his life, pay the monthly premiums for the policy and name herself the beneficiary.
