1. Tom purchases a can of beans at the grocery store, takes them home, and attempts to open them when they sud?
1. Tom purchases a can of beans at the grocery store, takes them home, and attempts to open them when they suddenly explode, causing an injury to his eye. Tom sues the manufacturer of the beans, Beantime. Which of the following statements is true? A. Beantime won't be liable for Tom's injuries because Beantime doesn't own the grocery store where Tom bought the beans. B. Beantime will be strictly liable if the beans were unreasonably dangerous when they left Beantime's factory. C. Beantime will be strictly liable if the beans exploded because they were stored improperly at the grocery store. D. The grocery store where Tom bought the beans is negligent, but Tom can't sue Beantime because they weren't negligent. 2. Terry parks his car outside the restaurant and goes inside to eat. When he returns, his car has been damaged by vandalism. Terry's insurance company will pay for the repairs if Terry has __________ insurance. A. collision B. liability C. no-fault D. comprehensive 3. Candy purchase a life insurance policy. Six months later, Candy falls into a severe depression and kills herself. Which of the following statements is true? A. Life insurance will pay unless the suicide was an assisted suicide and the person assisting was the beneficiary of the policy. B. Life insurance will pay proceeds if there's evidence that Candy suffered from a diagnosed psychological condition that accounts for why she committed suicide. C. The life insurance will pay double under the double indemnity provision. D. Life insurance will pay nothing, as there was death by suicide less than two years after purchasing the policy. 4. Sally is visiting Robert. Robert leaves the room to get a drink of water, and Sally grabs a dish on the coffee table and stuffs it in her purse and leaves. Assuming the dish is Robert's property, Sally is guilty of A. extortion. B. embezzlement. C. robbery. D. larceny. 5. What type of life insurance would most likely be used to cover the outstanding balance of a home mortgage? A. Decreasing term insurance B. Endowment C. Straight life D. Universal life 6. Tom suffers from epilepsy. During an attack, his arm spasms, striking Zeke and causing serious injury. Tom is charged with battery. His defense will be A. self-defense. B. none; Tom has no defense. C. that his action was involuntary. D. that his state of mind was merely reckless, not intentional. 7. Zeke takes his gun to the mall looking for Fred. Zeke spots Fred, points the gun at Fred, and says, "I'm going to kill you." He does. What criminal state of mind has Zeke exhibited in this instance? A. Negligence B. Purpose C. Knowledge D. Recklessness 8. Tom purchases a life insurance policy and then joins the military. Tom is deployed in a combat zone and killed by enemy soldiers. Tom's wife applies for the insurance proceeds. Which of the following is most likely? A. The insurance company will pay double because the death was during war. B. The insurance company won't pay, as death due to war activities is usually exempted from the risk insured against. C. The insurance company will pay only after the military certifies that Tom would have been honorably discharged had he completed his term of service. D. The insurance company won't pay, as military benefits supersede any civilian life insurance. 9. Robert goes to the liquor store, pulls out what appears to be a gun, and says, "Give me all your money, or I'll kill you." The clerk gives Robert all the money in the register. As Robert leaves the liquor store, he spots a policeman across the street and begins to run. At that moment, the clerk comes out of the store and shouts to the policeman that he's just been robbed. The policeman tackles Robert and discovers that Robert's gun was actually just a water pistol. Which of the following statements is true? A. Robert is guilty of robbery because he used the threat of force to commit a theft. B. Robert isn't guilty of robbery because the gun wasn't capable of causing harm. C. Robert is guilty of robbery because he committed theft. D. Robert isn't guilty of robbery because he didn't use force to accomplish the theft. 10. Bob is concerned that Social Security retirement income won't be enough to meet his needs. He is looking for a financial product that would provide him with steady retirement income later in life. You would recommend A. straight life insurance. B. universal life insurance. C. term life insurance. D. annuity.

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Logic behind increasing/decreasing term insurance?
I'm studying about these two types of insurance, and have a question. From what I can tell, they say with decreasing, the face amount decreases, and the premiums remain level. They go on to say that with increasing, the face amount increases, and the premiums remain level. Being that that's the case, what is the advantage to taking a decreasing term (reduced payout) when the premiums are level with both of them (higher payout with increasing). Seems there is no reason for anybody to go with decreasing since they just said it's the same premium but one pays more and one pays less

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