Book Opener

In each case that follows, you be the judge.18. Life InsuranceChester Henrikson, Sr. purchased a $10,000 life insurance policy on the life of his son, Chester, Jr.For the first nine years of the policy’s life, Chester, Sr. and his wife were listed as primary beneficiariesof the policy. In the tenth year, Chester, Sr. had his wife’s name removed. Two years later,Chester, Sr. was found guilty of the voluntary manslaughter of Chester, Jr. Is Chester, Sr. entitledto the proceeds of the insurance policy? Why or why not?New York Life Insurance Co. v. Henrikson, 415 N.E.2d 146 (IN).19. Accident InsuranceWilliam Galindo, Jr. suffered a broken neck while playing in a high school football game. Asa result of that injury, Galindo is a quadriplegic. The high school had an accident insurancepolicy that paid the following: $10,000 for the loss of both hands or both arms and $10,000for the loss of both feet or both legs. The policy also contained the following words: “MaximumDismembership Benefit $10,000.” Is Galindo entitled to these insurance proceeds? If so, howmuch? Explain your answer.Galindo v. Guarantee Trust Life Insurance Co., 414 N.E.2d 265 (IL).Life in the Mile High CityDenise has recently graduated from college and isworking in Denver, Colorado. She is renting anapartment. As she is settling in to her new job andlife, she thinks she might need some insurance. Shewould especially like to protect against risks to herhealth, life, and personal belongings.ConnectUsing a variety of search engines, find out:20. What types of insurance Denise can purchaseonline.21. How to obtain quotes for life, health, andrenter’s insurance through a Web site.22. Predict Why do you think people buyinsurance? Why wouldn’t they just savefor a problem that might occur?23. Connect Is there any type of insuranceyou think you should have at your age?Explain.24. Question Insurance companies rely onstatistics to determine the cost theycharge policyholders. Is this fair? Whyor why not?25. Respond Do you think it is the government’sresponsibility to provide healthinsurance for those over 65 years of age?Chapter 35: Insurance Protection 769