Policy to meet marty needs and budget

Assignment Help Finance Basics
Reference no: EM133060694

Marty would like disability insurance to protect his income in case he is unable to work. Marty is the sole income earner for his family and while he has short term coverage through work, he does not currently have any long term disability insurance. Marty meets with his insurance agent Jeb who recommends a policy with a monthly benefit amount equal to 60% of his current gross income, a 3 year benefit period, and a 60 day waiting period.. Marty feels that the coverage is fair, however he is not sure that he can afford the premium amount. Given Marty's desire for a more affordable premium, which of the following four policies will be the BEST policy to meet Marty's needs and budget?

Reference no: EM133060694

Questions Cloud

Prepare the journal entry to record this transaction : Assuming that on March 20, 2022, Splish Brothers sold Co. B preferred shares for $12,200, prepare the journal entry to record this transaction
Find annualized return of asset b : Find annualized return of Asset B
Us health care history and foundations : You will need to display a thorough understanding of the framework for and dates of events regarding health care in the United States,
What is the wacc : A firm raises $23,000 of total financing, of which Equity is $13,500 and the rest is Debt. The rate of return to investors for Equity is 9% and for debt is 5%.
Policy to meet marty needs and budget : Marty would like disability insurance to protect his income in case he is unable to work. Marty is the sole income earner for his family and while he has short
What is the maximum total dollar profit : What is the maximum total dollar profit that they could realize from this trade?
Government for changing and addressing policy concerns : There are procedures or processes within each branch of government for changing and addressing policy concerns.
Why an american option on a stock paying continuous : Explain why an American option on a stock paying continuous dividend yield is always worth as much as its intrinsic value. Give a numerical example of a situati
What is a standard process for knowledge management : What is a standard process for knowledge management and How is knowledge management related to data analysis and management

Reviews

Write a Review

Finance Basics Questions & Answers

  Explain employees job qualification and work experience

Describe how Human Resource Managers measure employees job qualification and work experience?

  Why new common stock that is raised externally

Explain why new common stock that is raised externally has a higher percentage cost than equity that is raised internally as retained earnings.

  Calculate the eac

You are considering the purchase of one of two machines used in your manufacturing plant. Machine A has a life of two years, costs $175 initially

  Assignment-work skills and work routines

This week's content relates to the concept of skill and three ways in which it is defined and measured

  Three types of international strategies

There are three (3) types of international strategies, namely multi-domestic, global and transnational strategy.

  Using discounted cash flow models to make capital

using discounted cash flow models to make capital investment decisions. use the npv method to determine whether kyler

  Appropriate opportunity cost of capital

There is a 50% chance that the bond will repay its full face value and a 50% chance that the bond will default and that you will receive $700. If the appropriate opportunity cost of capital is 5%, then the price of the bond is closest to?

  Show in outline journal entries a company makes to record

Show in outline the journal entries a (profitable) company makes to record: its income tax liability for the year, without the R&D tax credit; the impact of the R&D tax credit on its income tax liability.

  Business during the month of july a home improvement store

business during the month of july a home improvement store sold a great many air-conditioning units but some were

  Explosion of financing opportunities

With reference to specific Kenyan companies that have used financing from foreign markets

  Constant rate of percent per year

Blossom, Inc., is a mature firm that is growing at a constant rate of 5.00 percent per year.

  Manager of a fashionable restaurant

The manager of a fashionable restaurant open Wednesday through Saturday says that the restaurant does about 29 percent of its business on Friday night, 29 percent on Saturday night, and 16 percent on Thursday night. What seasonal relatives would d..

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