II. Case Application. Answer the following situations by applying what you have le the previous discussions. A customer says, "Insurance is a waste of money. If and when I suffer a financial of an accident or some other event, I can pay for it from my savings account." As an insurance agent your primary goal is to change this kind of mindset, hov persuade this person to purchase insurance? Design a strategy.

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter10: Managing Property And Liability Risk
Section: Chapter Questions
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II. Case Application. Answer the following situations by applying what you have learned from
the previous discussions.
A customer says, "Insurance is a waste of money. If and when I suffer a financial loss because
of an accident or some other event, I can pay for it from my savings account."
As an insurance agent your primary goal is to change this kind of mindset, how would you
persuade this person to purchase insurance? Design a strategy.
At 30, Alyssa Valdez invested P50,000 in a time deposit which earns 3% per annum. With the
same interest rate, how much would her earnings be at age 35 if she reinvests the interest with
the principal. Show your solution
Transcribed Image Text:II. Case Application. Answer the following situations by applying what you have learned from the previous discussions. A customer says, "Insurance is a waste of money. If and when I suffer a financial loss because of an accident or some other event, I can pay for it from my savings account." As an insurance agent your primary goal is to change this kind of mindset, how would you persuade this person to purchase insurance? Design a strategy. At 30, Alyssa Valdez invested P50,000 in a time deposit which earns 3% per annum. With the same interest rate, how much would her earnings be at age 35 if she reinvests the interest with the principal. Show your solution
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