1 Explain to Ya the differences between a a whole
1. Explain to Ya the differences between (a) a whole life policy, (b) a variable life policy, and (c) a term life policy.
2. What are the major advantages and disadvantages of each type of policy?
3. In what way is a whole life policy superior to either a variable life or term life policy? In what way is a variable life policy superior? How about term life insurance?
4. Given the limited information in the case, which type of policy would you recommend for Ms. Gao? Defend and explain your recommendations.

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