Explain type of life insurance

Assignment Help Business Management
Reference no: EM132901006

Alex, aged 37, just purchased a condo in Mississauga with a $350,000 mortgage. Alex plans on living in the condo until it's fully paid, which he thinks will happen when he retires at age 62. Alex is single, so he does not have to worry about protecting his spouse, but Alex does have a nephew who will inherit his condo when he passes. Alex is not sure what the condo will be worth in 25 years, but would like to buy life insurance to cover the outstanding mortgage. What type of life insurance would you recommend for this situation?

Term Insurance

Term-to-100 Life Insurance

Whole Life Insurance

Universial Life Insurance

Reference no: EM132901006

Questions Cloud

Discuss the major sources of risk facing the company : Using resources from the Library's full-text databases, discuss the major sources of risk facing the company within its international markets?
Discuss any aspect of the organization that is relevant : Discuss any aspect of the organization that is relevant. For example, you can look into their mission statement and suggest ways to change it
Describe the balance scorecard and methodology : Describe the Balance Scorecard and methodology. Explain its usage and the expected benefits to firms from its usage. Discuss its placement with the Comprehensiv
Ethics and CSR Project : Discuss how your company goes about managing ethical issues, CSR activities, and stakeholder interests in practice.
Explain type of life insurance : Alex, aged 37, just purchased a condo in Mississauga with a $350,000 mortgage. Alex plans on living in the condo until it's fully paid, which he thinks will hap
Describe differences in product offerings in two countries : Describe the differences in product offerings in 2 countries compared to the company's product you are familiar with in your home country.
Write reflective journal on leadership past or present : Write reflective journal on leadership past or present
SQL Individual Assignment : Assume that Orion Star Sports and Outdoors Co. has engaged you as a consultant to advise them on business strategies to increase sales.
What is the primary purpose of ford unlearn advertising : Do you agree or disagree that Ford's Unlearn campaign is effective? Please explain. What is the primary purpose of Ford's Unlearn advertising campaign?

Reviews

Write a Review

Business Management Questions & Answers

  Develop to address the issues that you identify

Sizemore Enterprises is an up-and-coming consulting company. Although it has not been around as long as some of the more well-known companies, it has made a professional reputation for itself, particularly in the fields of health care and non-pro..

  Main issues in fundraising management today

How has the mix of income been changing for the typical nonprofit over the past twenty years?

  ?what is the double-entry system of accounting

?What is the double-entry system of accounting? Why is it so essential? Is Krystal correct to assume that her trial balance is correct? Why or why not?

  Employment and training administration

The Employment and Training Administration reported the U.S. mean unemployment insurance benefit of $238 per week (The World Almanac 2003). A researcher in the state of Virginia anticipated that sample data would show evidence that the mean weekly..

  What are the personal and organizational implications

Does your personal comfort zone favor involvement in major, transformational, deep changes? Why? Or are you more comfortable implementing lower-risk, shallow ch

  Discuss concept of leadership and importance of leadership

Discuss the concept of leadership and the importance of leadership, and explain why you selected the style you chose for your leader. Discuss appropriateness or inappropriateness of the style exhibited by the leader you selected.

  Five different change management models

The Brisson-Banks (2010) article in the required reading for this unit compares the five different change management models presented in this unit, and it describes various situational variables that could influence the effectiveness of each. Util..

  Underwent a hysterectomy by gynecologist

A woman with pelvic pain eventually underwent a hysterectomy by her gynecologist, which was successful and relieved the woman's pain.

  Governments play in ameliorating a country economic downturn

In an increasingly globalized World, where countries are becoming more reliant on each other, what role, if any, should International Bodies such as the World Trade Organization or other governments play in ameliorating a country's economic downtu..

  Research articles from such publications

Research articles from such publications as the Journal of Psychology, Journal of American Ethnic History, Psychology Today, Race and Class, Working Woman, Society, and others.

  Describe the break even point calculation

Describe the break even point calculation. Define Break even point, Contribution margin, Contribution margin ratio how to calculate. Give examples of how to use

  Price elasticity of demand

At this price, find the price elasticity of demand. USE THE POINT SLOPE METHOD to find this elasticity.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd