Question: 1. options are extremly important or relatively important 2. options are purchase the policy after verifying the brokers creditals or collect quotes from other companies
1. options are extremly important or relatively important Shopping for Life Insurance Kevin has determined that a 10-year, $150,000 level term life insurance policy would best suit his needs, he consulted with one insurance broker, Tom Trustworthy, who quoted him a monthly rate of $300. he remembers learning in his personal finance course that it is to compare similar policies from different insurance agencies, so he plans to Before doing anything else, he decides to consult his aunt Rina, an accountant specializing in estate planning, about the features of her life insurance policy. She tells Kevin that she has a $100,000 whole life policy. Which of the following are appropriate next steps for Kevin? Check all that apply. Research the ratings of different insurance companles, as awarded by private agencies such as Moody's. Compare quotes for 10-year, $150,000 level term policies online. Assume that a licensed broker will serve a client's best interests. Ask Rina if she can recommend a good agent, since accountants tend to be good sources
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