Accident and Sickness Insurance (A&S) questions with correct answers
Some of thee events may be unavoidable but the financial impact could be reduced with insurance. Raymond is married with two young children. He earns $80,000 per year as an engineer. His wife home schools the children and does not earn any. Raymond's father and brother died at the age 40, and he is 39. His grandfather suffered from Alzheimer and needs to live in a very costly long term care facility. As life insurance agent what coverage would you recommend for Raymond? Answer Raymond's life insurance agent believes Raymond would benefit from: -Married with 2 young children - needs life insurance -He is the only income earner so - needs disability insurance -He also has family health issues so - could benefit from critical illness insurance. - He is considered about what would happen to his grandfather - Long-term care insurance What is Insurance Need Pyramid? Answer An insurance needs Pyramid helps an individual prioritize their insurance needs by putting certain policies in place first and retaining some risks in the meantime. Last: Long term care insurance 3rd: Critical illness insurance
Información del documento
- Subido en
- 17 de agosto de 2023
- Número de páginas
- 74
- Escrito en
- 2023/2024
- Tipo
- Examen
- Contiene
- Preguntas y respuestas
