Use Table discussed earlier to find the annual premium of each of the following life insurance policies:

$$\begin{array}{} \begin{array}{}\text{Sex} \end{array}& \begin{array}{}\text{Age} \end{array}& \begin{array}{}\text{Policy type}\end{array}& \begin{array}{}\text{Rate classification} \end{array}& \begin{array}{}\text{Face Value}\end{array}& \begin{array}{}\text{Annual premium}\end{array}&\\ \text{Male}&25&20-\text{year level term}&\text{T}&\$150,000 \end{array}$$

John Malinowsky has auto insurance with $100 / 300 / 100$ liability coverage. His vehicle is $12$ years old and is in model class $2$. John lives in territory $1$. Find his annual premium if he has a $\$ 250$ deductible on comprehensive and a $\$ 500$ deductible on collision and has good credit.

See the discussed Example before.

Marjorie Mays owns a home that has a replacement value of $\$ 395,000$. How much insurance is required on the property for coverage up to the face value of the policy if an $80 \%$ coinsurance clause exists?

Mary Lynne Winston is $55$ years old, has a non-tobacco rate, and decides to convert her $\$ 100,000$ whole-life insurance policy to extended term coverage with the same face value. How many years of $10$-year level term insurance will she have if her cash value is $\$ 1.856$ ?

See the example discussed before.

Jamie Loden has $100 / 500 / 100$ vehicle insurance. He has a $\$ 250$ deductible on comprehensive and a $\$ 1,000$ deductible on collision. Jamie had an at-fault crash into another vehicle while texting. Carolyn, Larry, and Maria, the driver and passengers in the other vehicle, were injured. Carolyn's medical care was $\$ 34,580$ and Maria's medical care was $\$ 57,840$. Larry was not injured. Their car required $\$ 12,350$ to repair.Jamie's vehicle had $\$ 11,540$ in damages but he had no injuries. How much will the insurance company be responsible for paying and to whom? How much, if any, will Jamie be responsible for paying?

How much will the liability portion of the automobile insurance policy pay an injured person with medical expenses of $\$ 8,362$ if the insured has a policy with $50 / 100 / 50$ coverage and is liable for his or her injuries?

Find the annual premium for a $50/100/50$ automobile liability insurance policy for a driver in territory $2$ with a $12$-year-old car in model class $3$. Collision has a $\$ 500$ deductible and comprehensive has a $\$ 250$ deductible. The insured has an $\mathrm{OCC}$ credit rating.

A driver in territory $1$, Laura Jansky is buying an auto insurance policy with $100/300/100$ liability coverage. She has a comprehensive deductible of $\$ 250$ and a collision deductible of $\$ 1,000$. Her new vehicle is in model class $2$. Find her annual premium if her credit rating is OCC.

Fred Case has an auto insurance policy with $500 / 1000 / 500$ liability coverage. He lives in territory $2$ and has good credit. His vehicle is in model class $3$ and is $26$ months old. His deductible for comprehensive is $\$ 250$ and for collision is $\$ 500$. Find his annual premium.

See the discussed Example before.

A home valued at $\$ 295,000$ is insured in a policy that contains an $80 \%$ coinsurance clause. The face value of the policy is $\$ 100,000$. If the home is a total loss, what is the amount of compensation?

Larry Tremont has an insurance policy with a $\$ 1,000$ deductible clause for collision and a $\$ 250$ deductible clause for comprehensive. Larry's liability coverage on his $5$-year-old, model class $2$ vehicle is $50 / 100 / 50$. Find his annual premium if he lives in territory $2$ and has an $\mathrm{OCC}$ credit rating.

See the discussed Example before.

If a fire causes damage valued at $\$ 75.000$, what is the amount of compensation to the owner of the home in Exercise earlier?

Sally Greenspan has $100/300/100$ liability coverage and lives in territory $2$. She has a good credit rating and carries a comprehensive deductible of $\$ 250$ and a collision deductible of $\$ 500$. Her $4$-year-old vehicle falls in model class $3$. Find her annual insurance premium.

The replacement cost of a home is $\$ 72,500$. It is insured for $\$ 50,000$ with an $80 \%$ coinsurance clause. If a fire causes $\$ 62,000$ in damages, how much of the damages will the policy cover?