Rank from lowest to highest, the amount of monthly income that would result from the following annuity settlement options:

A. Life with refund option, life with 10 years certain, straight life
B. Straight life, life with ten years certain, life refund option
C. Life with ten year certain, life with refund option, straight life
D. Life with refund option, straight life, life with 10 years certain

Ans: A. Life with refund option, life with 10 years certain, straight life

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Property insurance agents have greater authority to bind the contract than life insurance agent

a. true b. false

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When an employee breaches a fixed-term employment contract by quitting before the end of the

term, what can the employer recover as damages? A) Only amounts paid to the employee for which the employee has not yet done the work B) All amounts already paid to the employee under the contract C) Nothing, because courts do not order anyone to perform a job against his or her will D) The costs of hiring a replacement employee plus any increase in salary paid to the replacement employee

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