The purpose of life insurance and discuss whether everyone requires life insurance.

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Answer 1

Question

Chapter 13, Problem 1RQ

Summary Introduction

To discuss: The purpose of life insurance and discuss whether everyone requires life insurance.

Expert Solution & Answer

Explanation of Solution

The life insurance gives payment to a particular beneficiary during the death of the policyholder. It permits the individuals to remove or substantially decrease the financial effects of their death on dependents. The life insurance is mainly significant to safeguard a financial situation of the family in few happenings that when the breadwinner of a family dies, expenditures like medical expenses or burial expenses might be covered by the life insurance. If nobody depends on the income of the individual, then life insurance might not be required.

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Answer 2

Question

Chapter 13, Problem 1RQ

Summary Introduction

To discuss: The purpose of life insurance and discuss whether everyone requires life insurance.

Expert Solution & Answer

Explanation of Solution

The life insurance gives payment to a particular beneficiary during the death of the policyholder. It permits the individuals to remove or substantially decrease the financial effects of their death on dependents. The life insurance is mainly significant to safeguard a financial situation of the family in few happenings that when the breadwinner of a family dies, expenditures like medical expenses or burial expenses might be covered by the life insurance. If nobody depends on the income of the individual, then life insurance might not be required.

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Answer 3

Question

Chapter 13, Problem 1RQ

Summary Introduction

To discuss: The purpose of life insurance and discuss whether everyone requires life insurance.

Expert Solution & Answer

Explanation of Solution

The life insurance gives payment to a particular beneficiary during the death of the policyholder. It permits the individuals to remove or substantially decrease the financial effects of their death on dependents. The life insurance is mainly significant to safeguard a financial situation of the family in few happenings that when the breadwinner of a family dies, expenditures like medical expenses or burial expenses might be covered by the life insurance. If nobody depends on the income of the individual, then life insurance might not be required.

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Answer 4

Question

Chapter 13, Problem 1RQ

Summary Introduction

To discuss: The purpose of life insurance and discuss whether everyone requires life insurance.

Expert Solution & Answer

Explanation of Solution

The life insurance gives payment to a particular beneficiary during the death of the policyholder. It permits the individuals to remove or substantially decrease the financial effects of their death on dependents. The life insurance is mainly significant to safeguard a financial situation of the family in few happenings that when the breadwinner of a family dies, expenditures like medical expenses or burial expenses might be covered by the life insurance. If nobody depends on the income of the individual, then life insurance might not be required.

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Answer 5

Chapter 13, Problem 1RQ

Summary Introduction

To discuss: The purpose of life insurance and discuss whether everyone requires life insurance.

Expert Solution & Answer

Explanation of Solution

The life insurance gives payment to a particular beneficiary during the death of the policyholder. It permits the individuals to remove or substantially decrease the financial effects of their death on dependents. The life insurance is mainly significant to safeguard a financial situation of the family in few happenings that when the breadwinner of a family dies, expenditures like medical expenses or burial expenses might be covered by the life insurance. If nobody depends on the income of the individual, then life insurance might not be required.

Answer 6

Chapter 13, Problem 1RQ

Summary Introduction

To discuss: The purpose of life insurance and discuss whether everyone requires life insurance.

Expert Solution & Answer

Explanation of Solution

The life insurance gives payment to a particular beneficiary during the death of the policyholder. It permits the individuals to remove or substantially decrease the financial effects of their death on dependents. The life insurance is mainly significant to safeguard a financial situation of the family in few happenings that when the breadwinner of a family dies, expenditures like medical expenses or burial expenses might be covered by the life insurance. If nobody depends on the income of the individual, then life insurance might not be required.

Answer 7

Chapter 13, Problem 1RQ

Summary Introduction

To discuss: The purpose of life insurance and discuss whether everyone requires life insurance.

Answer 8

Expert Solution & Answer

Explanation of Solution

The life insurance gives payment to a particular beneficiary during the death of the policyholder. It permits the individuals to remove or substantially decrease the financial effects of their death on dependents. The life insurance is mainly significant to safeguard a financial situation of the family in few happenings that when the breadwinner of a family dies, expenditures like medical expenses or burial expenses might be covered by the life insurance. If nobody depends on the income of the individual, then life insurance might not be required.

Answer 9

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Answer 10

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Answer 11

Ch. 13 - Prob. 1RQ Ch. 13 - Prob. 2RQ Ch. 13 - Prob. 3RQ Ch. 13 - Prob. 4RQ Ch. 13 - Prob. 5RQ Ch. 13 - Prob. 6RQ Ch. 13 - Prob. 7RQ Ch. 13 - Prob. 8RQ Ch. 13 - Prob. 9RQ Ch. 13 - Prob. 10RQ

The purpose of life insurance and discuss whether everyone requires life insurance.

To discuss: The purpose of life insurance and discuss whether everyone requires life insurance.

Explanation of Solution

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Chapter 13 Solutions