QUESTION 4 Part A Mandy is aware that health insurance provides protection for her family and herself against financially devastating medical bills. She wants to plan wisely so that she is able to control her finances even after her death. a) What are the main points that Mandy should look into in a Health Insurance policy? (3.5 marks) b) In June, Mandy found a new job as an engineer in a construction company. She is required to visit new building sites and it is quite risky to go into a construction area. Due to that, she decided to subscribe to a disability insurance. What should be the criteria of disability insurance that Mandy must take note? (6.5 marks) Continued... Part B Charlie graduated from university and received RM5,000 from his parents as a graduation gift. He decided to invest the money as it can help him generate a return in future. Before developing an investment plan, Charlie must first decide his investment goals. a) What are the plans that Charlie should have in order to set investment goals? (4 marks) b) The oil price was directly affected by the Covid-19 pandemic which became a world issue. Charlie is aware of this situation and sense an opportunity of investing in an oil company. In your opinion, is Charlie's intention to invest speculating or investing? (3 marks) c) After 10 years, Charlie has a secure job. He is now planning to increase his investment returns while decreasing his risk. What are the factors that will impact Charlie's asset allocation decision? (3 marks) (Total 20 marks)