Shortly after Steve graduated from college, he considered a whole life insurance policy that would provide $
Question:
a. Was the agent being unethical in not showing Steve the potential impact of inflation on the policies’ cash value?
b. Taking just the first policy, would Steve have been better off to invest the $ 280 annual premium in a mutual fund that would have given an annual return of 8% per year (assume a 30 year investment period)?
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