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Imagine that you are a single individual who is shopping for the best insurance plan to cover any accidental injuries you might suffer during recreational
- Imagine that you are a single individual who is shopping for the best insurance plan to cover any accidental injuries you might suffer during recreational activities.Youragent presentsyou with three options:
- An indemnityplansthat costs $75/month and covers all medical expenses each month up to $400.
- A co-insurance plan that costs $75/month and pays 30% of all your medical expenses.
- A $150/month co-paymentplanthat covers all your expenses over $300.
- Which plan should you chooseif you live alow-risk lifestylewhere your chance of injury islow (1 in 6)and your injuries will result inminor damages ($400)?
- Using bullet points, describe imaginary person#1who fits the above mentionedlow-risk lifestylein PowerPoint slide #1.Here are the kind of questions you mightwant toaddress: What is that person's name? What kind of work and leisure activities doesthis person engage in?Whatarethat person's aspirations in life?Add in a creative icon, sketch, or image of thatindividual.Make me laugh.
- Presenta convincingexpenseanalysis of each of the three insurance plan options described aboveonPowerPoint slide#2.
- Identifywhich of the three plans your groupwould selectand why.
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