What will the strategy be according to this

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Question 1. Life insurance: assume that you will need it. Compare the costs of Term vs. Whole or Universal lite: assume a benchmark ot a whole life policy: 21-vear-old female nonsmoker $100,000 whole life policy $85/month. a. Calculate the difference in the cost of the premiums with a term policy using Term4sale.com Based on what you find for a term policy, what is the long-term opportunity cost ot a whole lite? ThIs Is the difference between the cost of a whole life policy and a term policy. *This calculation is the Future Value of a Series of Deposits* Assume 30 years at 6% return. Alternatively, use the age age of 21 and a ditterent rate of return for risk. Explain assumptions for interest rate and term for this calculation. Do the same with auto insurance (2018 Honda CRV) and renter/homeowner insurance Based on cost/benefit analysis, what will the strategy be according to this? Have all "risks" been considered? Are dependents sufficiently covered? Are assets protected? Can an individual be protected against liability claims?

Reference no: EM133641187

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