Learning Objectives

1. Explain the types of life insurance; calculate life insurance premiums.
2. Explain and calculate cash value and other nonforfeiture options.

1. Explain and calculate premiums for fire insurance of buildings and their contents.
2. Calculate refunds when the insured and the insurance company cancel fire insurance.
3. Explain and calculate insurance loss when coinsurance is not met.

1. Explain and calculate the cost of auto insurance.