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9. Comparing policies Aa Aa Shopping for Life Insurance Larry has determined that a $200,000 whole life insurance policy would best suit his needs. He
9. Comparing policies Aa Aa Shopping for Life Insurance Larry has determined that a $200,000 whole life insurance policy would best suit his needs. He consulted with one insurance broker, Tina Trustworthy, who quoted him a monthly rate of $300. He remembers learning in his personal finance course that premiums for similar policies, so he plans to . Before doing anything else, he decides to consult his aunt Ginny, an attorney, about the features of her life insurance policy. She tells Larry that she has a 10 year, $100,000, level term life policy. Which of the following are appropriate next steps for Larry? Check all that apply. Investigate the investment performance and dividend history of other insurance companies. Find out whether Tina Trustworthy has a professional designation, such as Chartered Financial Consultant (ChFC). Find out the monthly premium Ginny pays on her policy to compare it with the premium quoted by the broker. Ask Ginny if she can recommend a good agent, since attorneys tend to be good sources
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