Margaret has come to you to get advice about the level of life cover she needs....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Margaret has come to you to get advice about the level of life cover she needs. She is single, and her current annual income is $100,000. She is 40 years old. The current interest rate is 1.5% per annum. Calculate the appropriate level of cover. Problem 7 Lisa had a heart attack two years ago. Her family has a history of heart disease and she is concerned to provide for her teenage children should she die prematurely. Lisa is also a smoker and a heavy drinker. Discuss with Lisa the issues she may face in obtaining life insurance. Margaret has come to you to get advice about the level of life cover she needs. She is single, and her current annual income is $100,000. She is 40 years old. The current interest rate is 1.5% per annum. Calculate the appropriate level of cover. Problem 7 Lisa had a heart attack two years ago. Her family has a history of heart disease and she is concerned to provide for her teenage children should she die prematurely. Lisa is also a smoker and a heavy drinker. Discuss with Lisa the issues she may face in obtaining life insurance.
Expert Answer:
Answer rating: 100% (QA)
For Margaret To calculate the appropriate level of life cover for Margaret we need to consider her c... View the full answer
Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
Posted Date:
Students also viewed these finance questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
1. Hannah is applying for a life policy on her girlfriend Sarahs life. The policy is $500,000 and carries a large premium. Hannah is the main earner, so she is concerned about not being able to pay...
-
The Mead Meals on Wheels Center (MMWC) provides meals every day to the homebound elderly. The city of Wabash pays MMWC $ 32 per week for each person it serves. There is no shortage of demand for...
-
Apply normalization (1NF, 2NF and 3NF) of the system description given below and justify why relation needs 1NF, 2NF, and 3NF or not. At the end shift normalized data into Un-Normalized Data. S ystem...
-
The products of combustion enter a nozzle of a jet engine at a total pressure of 18 lbf/in 2, and a total temperature of 1200 F. The atmospheric pressure is 6.75 lbf/in 2. The nozzle is convergent,...
-
Does consuming beer attract mosquitoes? A study done in Burkino Faso, Africa, about the spread of malaria investigated the connection between beer consumption and mosquito attraction. In the...
-
Avatar Financials Inc., located on Madison Avenue, New York, is a company that provides financial advice to individuals and small to mid-sized businesses. Its primary operations are in wealth...
-
Lisa Mendes and Brad Lee work in the sales department of an AT&T Wireless Store. Lisa has been signing in an average of 48 new cell phone customers every month with a standard deviation of 22, while...
-
Find the volume of the solid generated when R (shaded region) is revolved about the given line. y=1-x,y=1,x= 1; about y=1 The volume of the solid obtained by revolving the region about x-1 in 5
-
Ohio Swiss Milk Products manufactures and distributes Ice cream in Ohio, Kentucky and West Virginia. The company wants to expand operations by locating another plant in northern Ohio. The size of the...
-
question help. Codiac lCorp. currently has an all-cash credit policy. It is considering making a change in the credit policy by going to terms of net 30 days. The required return is 0.67% per month....
-
Review the sections describing ethical values of individuals and societies. Discuss the ways both societies and individuals form those values. Which view best fits your moral development?
-
Describe the steps necessary to create a statement of cash flows.
-
You are auditing the Alaska Branch of Far Distributing Co. This branch has substantial annual sales which are billed and collected locally. As a part of your audit you find that the procedures for...
-
Two baseball players, Fredo and Karl, on different teams wanted to find out who had the higher batting average when compared to his team. Which baseball player had the higher batting average when...
-
Review the discussion about ethical absolutism and ethical relativism. Discuss the views of each position. Which position applies to modern ethical issues?
-
A facility upgrade for women's softball has a cost of $65,125, expected net cash inflows are $9,000 per year for 20 years, and a cost of capital of 11%. The project has a useful life of 20 years, but...
-
Dan and Diana file a joint return. Dan earned $31,000 during the year before losing his job. Diana received Social Security benefits of $5,000. a. Determine the taxable portion of the Social Security...
-
The Stick-em-Quick Inoculations Center provides early childhood checkups and vaccinations for children in the South Bronx. It pays annual rent of $ 25,000 and has a permanent staff consisting of a...
-
What is a journal?
-
Childrens Best Hope (CBH) provides day care ser-vices to low income families. CBH bills the state for its services under a service contract. Billings for the first four months of 2013 are anticipated...
-
What is your view of the major deficiencies/weaknesses in disclosure by MNEs today? In answering this, make clear your objectives and provide arguments to support your claims.
-
Is the standard of segmental reporting likely to improve following the recent changes to IAS 14?
-
What is meant by a value-added statement? To what extent is it likely to provide information over and above that already available in the income statement?
Study smarter with the SolutionInn App