User Account

All Pages

Find life insurance policy

Assignment Help Finance Basics
Reference no: EM133076340

Deciding if additional life insurance is needed and, if so, appropriate type. Use Worksheet 8.1. Rudy Steele, 43, is a recently divorced father of two children, ages 9 and 7. He currently earns $95,000 a year as an operations manager for a utility company. The divorce settlement requires him to pay $1,500 a month in child support and $400 a month in alimony to his ex-wife, who currently earns $35,000 annually as a preschool teacher. Rudy is now renting an apartment, and the divorce settlement left him with about $100,000 in savings and retirement benefits. His employer provides a $75,000 life insurance policy. Rudy's ex-wife is currently the beneficiary listed on the policy. What advice would you give to Rudy? What factors should he consider in deciding whether to buy additional life insurance at this point in his life? If he does need additional life insurance, what type of policy or policies should he buy? Use Worksheet 8.1 to help answer these questions for Rudy.

Reference no: EM133076340

Questions Cloud

What is the depreciation : Patriotic Company purchased a machine for P8,500,000 on January 1, 2020. What is the depreciation for 2020
Relation between risk premiums and expected returns : Control your answer by estimating the risk premium 1, and check that the relation between risk premiums and expected returns is correct for both stocks.
Investment portfolio in conservative stocks : As previously noted, the Brocks have some of their investment portfolio in conservative stocks. These equities have had very slow growth while regularly paying
Find monthly cpp benefits : You have told Robert that he is paying too much in taxes and that you can move some of his income from the 35% MTR to the 25% MTR by arranging for him and Molly
Find life insurance policy : Deciding if additional life insurance is needed and, if so, appropriate type. Use Worksheet 8.1. Rudy Steele, 43, is a recently divorced father of two children,
Determine the estimated annual net income : If the straight-line depreciation method is used and the average rate of return is 17%. Determine the estimated annual net income
Determine the Sunland Company materials price variance : Sunland Company has a materials price standard of $4 per pound. Determine the Sunland Company materials price variance
Portfolio management process : Assume you are a portfolio manager for an institutional investment company speaking to a client. An investment policy statement (IPO) is an important part of th
Determine the cost of equity : If price-to-book ratio at the end of 2005 equals 1.00, and return on beginning of year equity is expected to remain constant, then determine the cost of equity

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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