This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Jessica is an agent for LMN Life Insurance Company. She met with Brad, who was interested in ... (Read 78 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
on: Jul 11, 2018
Jessica is an agent for LMN Life Insurance Company.
 
  She met with Brad, who was interested in purchasing life insurance. Jessica explained the various uses of life insurance, including income for Brad's wife during the 1- or 2-year period following Brad's death. This period is known as the
  A) dependency period.
  B) estate clearance period.
  C) blackout period.
  D) readjustment period.

Question 2

Sarah is using the needs approach to determine how much life insurance to buy. Her cash needs are 30,000; her income needs are 140,000; and special needs are 100,000.
 
  Sarah has the following assets: 20,000 in bank accounts, 30,000 in retirement plans, and 40,000 in investment accounts. Sarah owns no individual life insurance. She is covered by a 50,000 group life insurance policy through her employer. Based on this information, how much additional life insurance should Sarah purchase?
  A) 80,000
  B) 130,000
  C) 150,000
  D) 160,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jojobee318

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: B


sam.t96

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jul 11, 2018
Thank you


jojobee318

  • Sr. Member
  • ****
  • Posts: 298
Reply #3 on: Jul 11, 2018
No problemo


« previous next »
 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

The deep-sea vent hypothesis for the origin of life The deep-sea vent hypothesis for the origin of life
The life cycle of a zygomycete, the black bread mould Rhizopus stolonifer. The life cycle of a zygomycete, the black bread mould Rhizopus stolonifer.
Age-standardized disability-adjusted life year (DALY) rates from hepatitis B by country (per 100 000 ... Age-standardized disability-adjusted life year (DALY) rates from hepatitis B by country (per 100 000 ...
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Evolutionary trend in plant life cycles Evolutionary trend in plant life cycles
Video: Isovolumetric VC, Ventricular ejection, Isovolumetric & Passive ventricular filling

For a complete list of videos, visit our video library