ISR3702
Assignment 2 Semester 2 2024
Detailed Solutions, References & Explanations
Unique number:
Due Date: 17 September 2024
QUESTION 1
1.1 Indicate an appropriate life policy or policies for each application and substantiate your
Presh (24, Female, Construction worker)
Presh, being a construction worker, is in a physically demanding and potentially hazardous
profession. At 24 years old, she would benefit from a Term Life Insurance policy. Term insurance
is cost-effective for younger individuals and provides coverage for a specific period, such as 20 or
30 years. This policy is suitable for those in high-risk occupations as it ensures that Presh’s
dependents are financially protected in case of an unexpected event. Given her young age and
Terms of use
By making use of this document you agree to:
• Use this document as a guide for learning, comparison and reference purpose,
• Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
• Fully accept the consequences should you plagiarise or misuse this document.
Disclaimer
Extreme care has been used to create this document, however the contents are provided “as is” without
any representations or warranties, express or implied. The author assumes no liability as a result of
reliance and use of the contents of this document. This document is to be used for comparison, research
and reference purposes ONLY. No part of this document may be reproduced, resold or transmitted in any
form or by any means.
Assignment 2 Semester 2 2024
Detailed Solutions, References & Explanations
Unique number:
Due Date: 17 September 2024
QUESTION 1
1.1 Indicate an appropriate life policy or policies for each application and substantiate your
Presh (24, Female, Construction worker)
Presh, being a construction worker, is in a physically demanding and potentially hazardous
profession. At 24 years old, she would benefit from a Term Life Insurance policy. Term insurance
is cost-effective for younger individuals and provides coverage for a specific period, such as 20 or
30 years. This policy is suitable for those in high-risk occupations as it ensures that Presh’s
dependents are financially protected in case of an unexpected event. Given her young age and
Terms of use
By making use of this document you agree to:
• Use this document as a guide for learning, comparison and reference purpose,
• Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
• Fully accept the consequences should you plagiarise or misuse this document.
Disclaimer
Extreme care has been used to create this document, however the contents are provided “as is” without
any representations or warranties, express or implied. The author assumes no liability as a result of
reliance and use of the contents of this document. This document is to be used for comparison, research
and reference purposes ONLY. No part of this document may be reproduced, resold or transmitted in any
form or by any means.
