1. What are the major differences between term and permanent
life insurance? When is it best to get term insurance? (15
points)
2. Driving in a severe thunderstorm, Polly collided with another
car. Two passengers in the other vehicle were injured. They filed
suit against Polly. One claimed $115,000 injuries and the other
claimed $135,000 in injuries. The driver of the other vehicle was
not harmed, but his car’s damage totaled $6,600.
Polly has bodily injury coverage for 100/300/50. Assume...