This topic contains a solution. Click here to go to the answer

Author Question: Jessica is an agent for LMN Life Insurance Company. She met with Brad, who was interested in ... (Read 67 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
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
Answer to Question 1

Answer: D

Answer to Question 2

Answer: B





 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

For a complete list of videos, visit our video library