- Budgeting
- Cash Management
- Consumer and Mortgage Loans
- Debt and Debt Reduction
- Time Value of Money 1: Present and Future Value
- Time Value of Money 2: Inflation, Real Returns, Annuities, and Amortized Loans
- Insurance 1: Basics
- Insurance 2: Life Insurance
- Insurance 3: Health, Long-term Care, and Disability Insurance
- Insurance 4: Auto, Homeowners, and Liability Insurance
- The Home Decision
- The Auto Decision
- Family 1: Money and Marriage
- Family 2: Teaching Children Financial Responsibility
- Family 3: Financing Children’s Education and Missions
- Investments A: Key Lessons of Investing
- Investments B: Key Lessons of Investing
Case Study #3 Answers
Kelly’s policy would pay as follows:
Item | Amount insurance pays | Amount Kelly pays | Total |
Cash | $250 | $250 | $500 |
Jewelry | 1,000 | 1,500 | 2,500 |
Pewter | 1,500 | 0 | 1,500 |
Totals | 2,750 | 1,750 | 4,500 |
Deductible | -250 | 250 | |
Total Amount Paid | $2,500 | $2,000 | $4,500 |
The insurance company would pay $2,500 and Kelly would pay $2,000