Reference no: EM132881307
-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. Your agent presents you with three options:
-An indemnity plans that 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-payment plan that covers all your expenses over $300.
-Which plan should you choose if you live a low-risk lifestyle where your chance of injury is low (1 in 6) and your injuries will result in minor damages ($400)?
-Using bullet points, describe imaginary person #1 who fits the above mentioned low-risk lifestyle in PowerPoint slide #1. Here are the kind of questions you might want to address: What is that person's name? What kind of work and leisure activities does this person engage in? What are that person's aspirations in life? Add in a creative icon, sketch, or image of that individual. Make me laugh.
-Present a convincing expense analysis of each of the three insurance plan options described above on PowerPoint slide #2.
-Identify which of the three plans your group would select and why.