Understanding Business
12th Edition
ISBN: 9781260092332
Author: Nickels
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Question
Chapter D.4, Problem 5TP
Summary Introduction
To determine: The life insurance that is recommended for most people in the society.
Introduction: Life insurance refers to the policy to insure an individual with a certain sum of money either at the time of death of the individual to the family members or after a certain definite
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Does every worker or consumer need life insurance? Why or why not?
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?
who are potential customers for insurance?
Chapter D Solutions
Understanding Business
Ch. D.1 - Prob. D.1AQCh. D.2 - Prob. D.2AQCh. D.2 - Prob. D.2BQCh. D.2 - Prob. 1TPCh. D.2 - Prob. 2TPCh. D.2 - Prob. 3TPCh. D.4 - Prob. D.4AQCh. D.4 - Prob. D.4BQCh. D.4 - Prob. D.4CQCh. D.4 - Prob. 4TP
Ch. D.4 - Prob. 5TPCh. D.4 - Prob. 6TPCh. D.4 - Prob. 7TPCh. D - Prob. 1CECh. D - Prob. 2CECh. D - Prob. 3CECh. D - Prob. 4CECh. D - Prob. 1CTCh. D - Prob. 2CTCh. D - Prob. 3CTCh. D - Prob. 4CTCh. D - Prob. 1DCSCh. D - Prob. 2DCSCh. D - Prob. 4DCSCh. D - Prob. 1PPTCh. D - Prob. 2PPTCh. D - Prob. 3PPTCh. D - Prob. 5PPT
Knowledge Booster
Similar questions
- 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?arrow_forwardIf 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?arrow_forwardcan you give me at least 5 questions related to insurance? For example: What type of insurance do you have?arrow_forward
- how large is insurance target market?arrow_forwardWhat is the relationship between risk management and insurance management? In your answer you should demonstrate an understanding of the difference between the two fieldsarrow_forwardExplain the disadvantages of using insurance in a risk management program.arrow_forward
- 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?arrow_forwardThe insurance policy of insurance companies has changed recently. What is the major change?arrow_forwardWhat is the definition of “indemnity” insurance? Why do you suppose it has largely been replaced by managed care? What are the three main types of managed care organizations? What are the pros and cons of each type?arrow_forward
- Differentiate Takaful from conventional insurance and discuss its significance and features?arrow_forward3. For what reasons are life insurance policies bought by business firms?arrow_forwardList 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?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill Education
Management (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSON
Business Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSON
Fundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON