Make a run for the border, or the nearest emergency room! Against your better judgment you made a run for fourth meal and it resulted in food poisoning. You require a trip to the
emergency room. Your policy states that emergency room visits will cost $100 plus
12.5% of any additional
charges. Although the burrito only cost $.99, your ER visk
tallied up to $650!

Type of insurance required:

In a fixed-term, level-payment reverse mortgage, sometimes called a reverse annuity mortgage, or ram, a lender agrees to pay the homeowner a monthly payment, or annuity, and expects to be repaid from the homeowner’s equity when he or she sells the home or obtains other financing to pay off the ram. consider a household that owns a $150,000 home free and clear of mortgage debt. the ram lender agrees to a $100,000 ram for 10 years at 6 percent. assume payments are made annually, at the beginning of each year to the homeowner. calculate the annual payment on the ram.