1) Samir is a 25 year old single male with good health, and he plans to get married and have children. Which insurance policy is best for him? Policy 1 Policy 2 Policy 3 Policy 4 Term or whole Term Term Whole Whole Death benefit $200,000 $200,000 $200,000 $200,000 Protection period 26 years 30 years Life Life Cost per year $400 $420 $5000 58000 Convertible term No Yes Yes No Dividends Yes Yes Yes Proceeds paid to beneficiary Yes Yes Yes Yes NO Policy 1 Policy 2 Policy 3 Policy 4 2) Chris is 30 years old male with no children and has some dental issues. Which policy would be best for him? Policy A Policy B $705 $715 Policy C Policy D $625 $600 Medical premium per month $44 $35 $14 None Dental premium per month None $8 $10 $40 Vision premium per month None $30 None $30 Co-payment $6100 $6200 $6300 $6000 Deductible Policy A Policy D Policy O Policy B 3) Gemma is a 32 year old female who has no kids and wears glasses at times and has contacts. Which policy is the best for her? Policy A Policy B Policy C Policy D $375 $425 $550 $455 Medical premium per month $35 None $40 None Dental premium per month Vision premium per month $42 $25 None None None $10 $30 None Co-payment Deductible $6700 $5900 $7200 $6500 O Policy D O Policy O Policy B Policy A 4) Suppose Jasmine earns $4000 per month after taxes. She has decided to spend $1000 on rent, but does not know the exact amount to spend on needs. Jasmine estimates that her grocery costs are $40 more than her utilities. She estimates that her car payment is two times the cost of her car insurance. Assuming that Jasmine uses the 50/30/20 budget rule, which function models the cost of her car payments? 960 - 29 3 0 960 - 39 2 960 +29 3 960 +39 2 C