ISR3702 Assignment 2 (COMPLETE QUESTIONS & ANSWERS) Semester 2 2024 - DUE 17 September 2024 ;100 % TRUSTED workings, Expert Solved, Explanations and Solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)...........
Question 1 (46 marks)
Latu Life Insurance Compan...
ISR3702
ASSIGNMENT 2 SEMESTER 2 2024
UNIQUE NO.
DUE DATE: 17 SEPTEMBER 2024
, ISR3702
Assignment 2 Semester 2 2024
Unique Number:
Due Date: 17 September 2024
Life Insurance
Question 1
1.1 Appropriate Life Policy for Each Application
To determine the most suitable life insurance policy for each individual, we need to
consider factors such as age, occupation, medical condition, net worth, and number of
dependants.
1. Presh (24, Female, Construction Worker)
Policy: Term Life Insurance.
Reason: As a young individual with a physically demanding job (construction
worker) and two dependents, a term life policy would provide cost-effective
coverage for a specific period, protecting her dependents in case of an early
death. Since her net worth is relatively low, term life would be affordable and
suit her needs.
2. Premita (36, Male, Lawyer)
Policy: Whole Life Insurance.
Reason: As a professional with stable income and one dependent, a whole
life insurance policy would be ideal for Premita. It offers lifelong coverage and
builds cash value over time, which could also serve as a financial asset.
Given his profession and financial stability, this policy is appropriate.
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