BUS 215 Week 3 Discussion 2, Life Insurance

BUS 215 Week 3 Discussion 2, Life Insurance Life insurance can be used to hedge against future risk of financial loss to others (beneficiaries) due to your (policy holder’s) death. But do youneed life insurance, and if youdo, how much do youneed? Read Chapter 12 and use the methods defined (“The Easy Method,” The DINK Method,” “The Non-Working Spouse Method,” and/or “The Family Need Method) as appropriate to conduct your assessment. Determine whether youneed life insurance. Then estimate how much, if any, life insurance youshould carry. Should youuse “term” or “whole life” to meet your needs? What other life insurance products could youuse to meet your financial goals? What is the potential that your life insurance needs will change over your life? What would be a good strategy to deal with that change? Determine what would be best for younow and in the future. Did this process reveal something new to you? Post to the discussion board a 200 word summary of your decision and what youlearned from the experience. Respond to at least two of your classmates’ postings.