1) a) Discuss the differences in features found in Term Life Insurance compared to those found in Whole Life Insurance. Include a discussion of whether each difference is an advantage or a disadvantage for each policy.

b) Discuss why Property & Casualty Insurers are very concerned about their investment yield, As a result of these investment yield concerns, what are some suggestions for how this industry could change how it conducts its business.

c) Describe the differences in the underwriting process for an Investment Bank between a firm commitment securities offering and a best efforts offering. Include in your discussion the risks assumed by the Investment Company and those assumed by the Client for each type of offering.