Larry, an insurance agent, meets with Ethan, a freelance photographer, to review his insurance needs. Larry tells Ethan that he wants to collect all pertinent financial information to prepare a net worth statement for Ethan. Why does Larry want to prepare Ethan's net worth statement? Select one correct answer from the list 1 To have enough information to identify where Ethan spends his money 2. To determine Ethan's various sources of income. 3. To determine how much Ethan can spend on accident and sickness insurance premiums. To determine if Ethan has enough resources to cover medical expenses if he had a medical emergency. O O O O Yolande, an insurance agent, meets with her client Timothy to deliver his $50,000 critical illness policy. She takes the time to explain the contract to him and answer his questions. Once the delivery is concluded, Yolande assures Timothy that their business relationship does not end with this transaction and that she is available to assist him with his current and changing insurance needs. How often should Yolande schedule review appointments with Timothy? Select one correct answer from the list 1. Quarterly 2. Yearly 3 Every 2 years 4 When requested by the client ΟΟΟΟ
Larry, an insurance agent, meets with Ethan, a freelance photographer, to review his insurance needs. Larry tells Ethan that he wants to collect all pertinent financial information to prepare a net worth statement for Ethan. Why does Larry want to prepare Ethan's net worth statement? Select one correct answer from the list 1 To have enough information to identify where Ethan spends his money 2. To determine Ethan's various sources of income. 3. To determine how much Ethan can spend on accident and sickness insurance premiums. To determine if Ethan has enough resources to cover medical expenses if he had a medical emergency. O O O O Yolande, an insurance agent, meets with her client Timothy to deliver his $50,000 critical illness policy. She takes the time to explain the contract to him and answer his questions. Once the delivery is concluded, Yolande assures Timothy that their business relationship does not end with this transaction and that she is available to assist him with his current and changing insurance needs. How often should Yolande schedule review appointments with Timothy? Select one correct answer from the list 1. Quarterly 2. Yearly 3 Every 2 years 4 When requested by the client ΟΟΟΟ
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
44
Transcribed Image Text:Larry, an insurance agent, meets with Ethan, a freelance photographer, to review his insurance needs.
Larry tells Ethan that he wants to collect all pertinent financial information to prepare a net worth
statement for Ethan.
Why does Larry want to prepare Ethan's net worth statement?
Select one correct answer from the list
1 To have enough information to identify where Ethan spends his money
2. To determine Ethan's various sources of income.
3. To determine how much Ethan can spend on accident and sickness insurance premiums.
To determine if Ethan has enough resources to cover medical expenses if he had a medical emergency.
O O O O
Transcribed Image Text:Yolande, an insurance agent, meets with her client Timothy to deliver his $50,000 critical illness policy.
She takes the time to explain the contract to him and answer his questions. Once the delivery is
concluded, Yolande assures Timothy that their business relationship does not end with this transaction
and that she is available to assist him with his current and changing insurance needs.
How often should Yolande schedule review appointments with Timothy?
Select one correct answer from the list
1. Quarterly
2. Yearly
3 Every 2 years
4
When requested by the client
ΟΟΟΟ
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