Suppose that yours is a typical family. Your annual income is $73,500. Using the easy method, what should be your need for life insurance?
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Suppose that yours is a typical family. Your annual income is $73,500. Using the easy method, what should be your need for life insurance?
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- Suppose that yours is a typical family. Your annual income is $66,000. Using the easy method, what should be your need for life insurance? Note: Do not round intermediate calculations.Is life insurance a necessity, or is it a luxury? What considerations should an individual evaluate before purchasing life insurance? How might these considerations change when spouses and children are brought into the analysis?If you want to purchase health insurance for yourself in the near future, what type of plan would you choose, and why? What steps can you take to keep your health costs down?
- can you give me at least 5 questions related to insurance? For example: What type of insurance do you have?Insurance is a way to decrease the financial risk from unexpected events, like an illness, car accident, fire, or injury. However, premiums must be paid for insurance coverage. What are some of the ways that a recent high school graduate can decrease the premiums they pay for insurance?who are potential customers for insurance?
- why people need insurance?Imagine 5 different events that would cause losses that would be covered by renter's insurance. Write a one-sentence description of each event and a description and estimate of the amount of losses that would result if you experienced the event.Does every worker or consumer need life insurance? Why or why not?
- List the few factors you should consider when evaluating the benefits of health insurance .How much are the premiums? Are my deductibles variable? Can I pay my premiums on-line?Differentiate Takaful from conventional insurance and discuss its significance and features?How would you advise someone in their 20's, 40's and 60's to use insurance? If your advice differs based on their age, what factors do you consider important in making changes to personal risk management?
