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9. CUM PORRIS Shopping for Life Insurance Paolo has determined that a $100,000 universal life insurance policy would best suit his needs. He consulted with
9. CUM PORRIS Shopping for Life Insurance Paolo has determined that a $100,000 universal life insurance policy would best suit his needs. He consulted with one insurance broker, Tom Trustworthy, who quoted him a monthly rate of $300. He remembers learning in his personal finance course that it is compare similar policies from different insurance agencies, so he plans to Before doing anything else, he decides to consult his aunt Isabella, an accountant specializing in estate planning, about the features of her life insurance policy. She tells Paolo that she has a 10-year, $200,000, level term life policy. Which of the following are appropriate next steps for Paolo? Check all that apply. Find out whether Tom Trustworthy has a professional designation, such as Chartered Financial Consultant (ChFC). Research the ratings of different insurance companies, as awarded by private agencies such as Standard and Poor's. Compare quotes for $100,000 universal policies online. Investigate the investment performance and dividend history of other insurance companies
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