analyze each of the following situation individually.
the subject of this is “Personal Finance”
analyze each of the following situations and decide whether you agree or dic-agree with the conclusions, explaining why.
A)A single woman of 35, without dependents,who has$35,000 of group insurance in association with her employment, has been called on by a life insurance agent. He
encourage her to take out a whole life policy of $100,000. His arguments are as follows: (1)the premium will insurance if she postpones buying insurance and (2)she
should have permanent insurance and not depend on the group policy, which covers her only as long as she stays with that employer. she decides that he is right.
B) A woman who is widowed at 35 returns to work a professional librarian to sup-port her four school-age children because her husband’s estate was small. she asks an
insurance agent for a renewable term policy. The agent recommends that she buy permanent whole life insurance instead,so that she will have something for her old
age. She tells the agent that she doesn’t want a small amount of permanent life insurance, but a large amount right now.
C) A young couple with three small children wonders what kind of life insurance to buy. He earns $45000 a year, and she stays at home to look after the children,
while working part-time for another$12000 per year. They are thinking of taking out a family policy that would put $10000 on his life,$3000 on hers and $4000 on the
life of each child. That way, the couple would cover the major risks.
D) A retired couple of 75 and 73, who have a whole life policy for $25000 on the husband’s life,wonder whether to keep paying the annual premium of $175, or to cash in
the policy and take the cash surrender value of $12200. They are living on old Age security, Canada Pension, an employer’s pension, and the income from their modest
investments. They decide not to cash in the policy now but to keep it for the wife’s protection in cash she should be widowed.
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