Question

Should life insurance needs be based on a family's dream (expectations) for the future? Why or...

Should life insurance needs be based on a family's dream (expectations) for the future? Why or why not? Please form an opinion and support your opinion with facts from the readings.

Homework Answers

Answer #1
Life insurance needs should be based on the need of the family in the case
that the primary provider of the family dies.
Life insurance needs should not be based on dreams, but the needs should be
based on the expectations of the future.
Life insurance needs are required for those people who do not have enough assets or have too  
many liabilities. Life insurance needs should provide financial relief for the family members
of the policyholder (earning member).
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. what is most common reason why someone needs a large life insurance policy? 2. What...
1. what is most common reason why someone needs a large life insurance policy? 2. What is the lowest cost insurance for an employer(ER) who wishes to buy insurance for their HCEs?
What global port would you suggest based on current and future global logistics needs? And why?
What global port would you suggest based on current and future global logistics needs? And why?
What is the psychological contract? Why are needs-based models of motivation controversial? What lessons should practicing...
What is the psychological contract? Why are needs-based models of motivation controversial? What lessons should practicing managers draw from the literature in this area?
A Married Couple with Children Address Their Life Insurance Needs Joseph and Marcia Michael of Athens,...
A Married Couple with Children Address Their Life Insurance Needs Joseph and Marcia Michael of Athens, Georgia, are a married couple in their mid-30s. They have two children, ages 5 and 3, and Marcia is pregnant with their third child. Marcia is a part-time book indexer who earned $31,000 after taxes last year. Because she performs much of her work at home, it is unlikely that she will need to curtail her work after the baby is born. Joseph is...
A Married Couple with Children Address Their Life Insurance Needs Joseph and Marcia Michael of Athens,...
A Married Couple with Children Address Their Life Insurance Needs Joseph and Marcia Michael of Athens, Georgia, are a married couple in their mid-30s. They have two children, ages 5 and 3, and Marcia is pregnant with their third child. Marcia is a part-time book indexer who earned $31,000 after taxes last year. Because she performs much of her work at home, it is unlikely that she will need to curtail her work after the baby is born. Joseph is...
1. If stock prices should be based on future cash flows (i.e., dividends) why do investors...
1. If stock prices should be based on future cash flows (i.e., dividends) why do investors purchase stocks of companies that do not pay dividends? 2. There are some that say that U.S. firms concentrate too much on short-term profits and not enough on long-term profits. Do you agree? How does this conflict with the valuation of stock based on future cash flows. 3. Describe the Efficient Market Hypothesis. 4. Describe Weak efficiency Semi-strong efficiency Strong efficiency Which, if any,...
A person’s feelings about euthanasia will be determined by the beliefs and expectations of their culture....
A person’s feelings about euthanasia will be determined by the beliefs and expectations of their culture. This is an example of: cultural relativism basic morals derived morals beneficence The primary medical ethic of "Do No Harm" is an example of: justice beneficence nonmaleficence autonomy In the "case of the non-heart-beating cadaver" medical experts wanted to change the criteria by which people are declared dead in order to increase organ donation. Which of the following is not part of the new...
Identify why students should learn about political science. Use evidence (cite sources) to support your response...
Identify why students should learn about political science. Use evidence (cite sources) to support your response from assigned readings or online lessons, and at least one outside scholarly source. Describe at least one reason why political science is interesting or relevant to you personally.
1.mr. big has asked you to select from the list the. five most important "employee needs...
1.mr. big has asked you to select from the list the. five most important "employee needs that shoud provide to his staf .Employee Needs • Opportunity for self-improvement • Freedom from close supervision • Ample time for socializing • Freedom to take unscheduled breaks • Chance to have on the job enjoyment • Opportunity to rotate among job tasks • Credit for accomplishments • Involvement in decision making • Knowing what is going on • Allowed some time for personal...
1. Ashley is an actuary who is employed by the Nebraska Department of Insurance. Her duties...
1. Ashley is an actuary who is employed by the Nebraska Department of Insurance. Her duties include monitoring the financial position of insurance companies doing business in Nebraska. Based on an analysis of annual financial statements that insurers are required to submit, she discovered that Mutual Life Insurance has a risk-based capital ratio of 75 percent. Based on this information, answer the following questions: a. (3 points) What is the purpose of requiring insurers to meet risk-based capital requirements? b....
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT