Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. what type of life insurance such as term, whole li

What type of Life insurance such as term, whole life, variable, etc. would you recommend...

90.2K

Verified Solution

Question

Accounting

What type of Life insurance such as term, whole life, variable, etc. would you recommend for each of these clients and why? Be sure to explain how each policy works and why it is right for them.

A middle aged couple (60 and 61) with an adult kid (37) and an elderly father that has moving in with them cause he is struggling to take care of himself (age 81). The husband and wife each earn $60,000 and get a total of $100k from work in life insurance ($50k each). They want to retire as soon as possible and have pensions that will pay them decent incomes in retirement.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

NUTRITIONAL DATA FOR FAST FOOD 2017                                                                                                           X Y No. Fast Food Restaurant                                  Item                       Type Sugar (g) Protein (g) 1. McDonald’s Hamburger Burger      6       12 2. McDonald’s Cheeseburger Burger      7       15 3. McDonald’s Big Mac Burger      9      ...

Psychology
1.2K views

Write about why caring for our common home is the following: 1) a moral issue that...

Psychology
1.2K views

If you were told a story by a person from another culture, would you be able...

Basic Math
1.2K views

The following data are from 10 individuals that were treated with 2 different drugs that are...

Accounting
1.2K views

1a. What are the three auditing standards that constitute GAAS? -Discuss 2b. How does a person become...

Geometry
1.2K views

Determine the point on the graph of the unit circle that corresponds to Then findcos...

Geometry
1.2K views

18 1 point Kaleigh plans to prove the diagonals of a paralle the parallelogram W

Basic Math
1.2K views

Evaluate the function h at the given values.h(x) = -x +5a).h(4) =b). h(-2):C).h(0) =

Basic Math
1.2K views

6 Select B Select B 10 5 Select 8 y 10 10 Select 5 Select...

Basic Math
1.2K views

Factor the expression completely.80x +50

Accounting
1.2K views

Highland Company produces a lightweight backpack that is popular with college students Standard...

Accounting
1.2K views

Ratio analysis Lululemon and Nike Inc please show the changes between years 2020 to 2022....