How much insurance should he offer yohan

Reference no: EM133616064

Problem: Kevin, an insurance agent, meets with Jocelyn and Yohan, a married couple in their 40s. Jocelyn earns $60,000 annually while Yohan earns $40,000. Their monthly after-tax income is $3,500 and $2,600 respectively. Jocelyn's employer provides group insurance disability insurance with a monthly benefit of $3,000. Yohan's work does not offer group insurance coverage. Yohan wants to purchase an individual disability insurance, but the couple would like the premiums to be as low as possible. The couple mention that they have $15,000 in their savings account. If Kevin establishes that their monthly expenses are S4,000, how much insurance should he offer Yohan?

Reference no: EM133616064

Questions Cloud

What should be the current price of a share of stock : What should be the current price of a share of stock if a $5 dividend was just paid; stock has a required return of 20% and constant dividend growth rate of 6%?

How did you promote the image of nursing : How did YOU promote the image of nursing by modeling values and articulating the knowledge, skills, and attitudes of the nursing profession?

How did you identify situations in which assistance was need : How did YOU Identify situations in which assistance was needed and appropriately seek that assistance?

What is the concept learned from tracheostomy care ati : What is the dependent and independent variable in introducing a medication safety team to decrease medication errors

How much insurance should he offer yohan : The couple mention that they have $15,000 in savings account. If Kevin establishes that monthly expenses are S4,000, how much insurance should he offer Yohan?

What two medical diagnosis or health condition : What two medical diagnosis or health condition are of important to the client's UTI? Describe the pathophysiology of these two conditions

What type of fees may you might have to pay for the assets : What type of fees may you might have to pay for these assets Stock, Funds, Annuity, Bonds, Commodity, Real Estate, and how would the re-addressment of assets.

Write out guidelines for caloric intake : Write out guidelines for caloric intake for an individual desiring to lose and gain weight

Describe patient-care technologies as appropriate : Describe patient-care technologies as appropriate to address the needs of a diverse patient population. (PO 1) O2: Analyze date from all relevant sources

User Account

All Pages