1. An "umbrella policy" provides for all of the following except
A. Coverage that may exceed $1 million for any one event.
B. Broader coverage than may be available under the family's homeowners and PAP policies.
C. Higher limits for damage caused by windstorm and volcanic eruption than provided by the homeowners and PAP policies.
D. Higher limits than may be available under the family's homeowners and PAP policies.
2. Tanya, who is terminally ill, has a $500,000 cash value policy. Tanya has significant medical bills and is unable to work to cover those bills. Tanya is approached by a company that buys life insurance policies through viatical settlements. If Tanya sells the policy to the company,
A. she will receive less than the face value of the policy.
B. she will receive annual income for the rest of her life.
C. she can tap into the cash value of the policy while still keeping the policy in effect.
D. she will receive the full face value of the policy.