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b. Income protection insurance agreed value versus indemnity policy (15 marks) Danni is earning $8,000 per month and takes out a fixed benefit (agreed value)
b. Income protection insurance agreed value versus indemnity policy (15 marks) Danni is earning $8,000 per month and takes out a fixed benefit (agreed value) income protection policy for 60% of her monthly income. Six months after commencing the policy her income falls to $6000 per month. After several months of earning $6000 per month she falls ill and is unable to work. i. What will be the monthly benefit under the policy? (3 marks) ii. If Danni had
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