a) State any TWO differences between stock life insurance companies and mutual life insurance companies. Identify which type of life insurance companies generally sell term life insurance. [word limit: 80 words]

b) Suppose Fanny expects the total funeral cost will be $180,000, calculate Fannys life insurance need by using the Easy method and DINK method respectively. Show your workings.

c) What is the total dollar amount covered by Fanny for her bicycle injury? Construct and complete the following table as the work of your calculation on your answer sheet.

Fantry was injured when she was riding bicycle in the Clubot Purk Bile tase two nuethe aga. Sbe neoded ircatment: a) 5