Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Below are two set of information. The first is about.... Below are two sets of information. The first is about insurance the second about home

Below are two set of information. The first is about....
image text in transcribed
Below are two sets of information. The first is about insurance the second about home loans. Review the information in each pair a) Income Protection Insurance quotes for Bill who earns $80,000 per annum. Company A with a waiting period of 90 days, Benefit period 5-years, Replacement rate 70% per month. Premium $80/month Company B with a waiting period of 90 days, Benefit period 3-years, Replacement rate 60% per month. Premium 5100/month Does this combination of information make sense? Are they what we should expect? Explain briefly b) Home Loan quotes for $300,000 loan Bankeast: Interest 5%; Fee $500; Comparison Rate 5.4% HCBS: Interest 5%, Fee $50; Comparison Rate 5.4% Does this combination of information make sense? Are they what we should expect? Explain briefly. Below are two sets of information. The first is about insurance the second about home loans. Review the information in each pair a) Income Protection Insurance quotes for Bill who earns $80,000 per annum. Company A with a waiting period of 90 days, Benefit period 5-years, Replacement rate 70% per month. Premium $80/month Company B with a waiting period of 90 days, Benefit period 3-years, Replacement rate 60% per month. Premium 5100/month Does this combination of information make sense? Are they what we should expect? Explain briefly b) Home Loan quotes for $300,000 loan Bankeast: Interest 5%; Fee $500; Comparison Rate 5.4% HCBS: Interest 5%, Fee $50; Comparison Rate 5.4% Does this combination of information make sense? Are they what we should expect? Explain briefly

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Ten Commandments To A Financial Healing

Authors: Ms. Kemberley J Washington

1st Edition

1499607261, 978-1499607260

More Books

Students also viewed these Finance questions

Question

d. What language(s) did they speak?

Answered: 1 week ago