Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Potential clients Belinda and Gordon meet with you to discuss insurance needs and they take away information which they later review. You follow up

70953493-673075.jpeg 

Potential clients Belinda and Gordon meet with you to discuss insurance needs and they take away information which they later review. You follow up and arrange a second meeting. They present to you what they feel will meet their needs. They want a $500,000 Term 20 policy for Gordon, and a $750,000 Term 10 with a guaranteed insurability benefit (GIB) rider for Belinda. They wish to save the policy fee by combining the coverages. Product combination rules limit choices available to them. Which of the options below would be permissible and would best meet their needs? a) $500,000 Term 20 for Gordon with a $750,000 Term 10 rider with GIB for Belinda. b) $750,000 Term 10 with GIB for Belinda with a $500,000 Term 20 rider for Gordon. c) $750,000 Term 20 for Gordon with a $750,000 Term 10 rider with GIB for Belinda. $500,000 Term 10 with GIB for Belinda with a $500,000 Term 20 rider for Gordon

Step by Step Solution

3.43 Rating (162 Votes )

There are 3 Steps involved in it

Step: 1

The correct option is C C 750000 Term 20 for Gordo... 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

Step: 3

blur-text-image

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

Physics

Authors: Alan Giambattista, Betty Richardson, Robert Richardson

2nd edition

77339681, 978-0077339685

More Books

Students also viewed these Banking questions