1. Explain to Ya the differences between (a) a whole life policy, (b) a variable life policy,...
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2. What are the major advantages and disadvantages of each type of policy?
3. In what way is a whole life policy superior to either a variable life or term life policy? In what way is a variable life policy superior? How about term life insurance?
4. Given the limited information in the case, which type of policy would you recommend for Ms. Gao? Defend and explain your recommendations.
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1 a Whole life insurance provides protection over the whole life of the insured In addition to death protection whole life insurance has a savings element called cash value which results from the mann...View the full answer
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Related Book For 
Personal Financial Planning
ISBN: 978-1111971632
13th edition
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
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