EBK PFIN
6th Edition
ISBN: 8220103648844
Author: Billingsley
Publisher: CENGAGE L
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Chapter 9, Problem 3FPE
Summary Introduction
To discuss: The plan selected by person W and its reason and the other options of health coverage.
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Judy is considering a life insurance coverage between a whole life plan, universal life plan and term life plan. She is newly married and has just recently delivered a baby. Currently she has limited budget and may consider to stop working for two years to take care of the baby.
Advise Judy THREE (3) benefits each for the traditional whole life insurance, universal life insurance and term life insurance. Recommend with justification which plan is most suitable to her.
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