Adam and Eve have been in a common-law relationship for six years and recently have a...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Adam and Eve have been in a common-law relationship for six years and recently have a baby boy. Their insurance agent suggests that Adam purchase individual life insurance. Adam informs him that he is covered by his company's group life insurance, which is convertible for the full coverage amount if the plan was to be terminated or if he left his job in ten or even twenty years. By ignoring his agent's suggestion, what disadvantage could Adam be faced with in ten or twenty years? Adam and Eve have been in a common-law relationship for six years and recently have a baby boy. Their insurance agent suggests that Adam purchase individual life insurance. Adam informs him that he is covered by his company's group life insurance, which is convertible for the full coverage amount if the plan was to be terminated or if he left his job in ten or even twenty years. By ignoring his agent's suggestion, what disadvantage could Adam be faced with in ten or twenty years?
Expert Answer:
Answer rating: 100% (QA)
By ignoring his insurance agents suggestion and relying solely on his companys group life insurance Adam could potentially face a significant disadvan... View the full answer
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
Students also viewed these finance questions
-
Write a program that will asks the user to input 15 students test score then store them in an array named "Score" your program should accomplish the followings: 1. Calculate and display the average....
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Use the data in the table to complete the following. (a) Make a scatterplot of the data. Estimate a value for b so that f(x) = 0.0002x b models the data. (b) Check the accuracy of f(x). (c) The moon...
-
A gas mixture of 1 kmol carbon monoxide, 1 k mol nitrogen, and 1 k mol oxygen at 25C, 150 kPa, is heated in a constant pressure SSSF process. The exit mixture can be assumed to be in chemical...
-
The sales of RP by a corporation registered with/certified by HLURB or HUDCC as engaged in socialized housing project where selling price of house and lot equivalent or not more than P450,000 are...
-
Discuss the pros and cons of using social networks to recruit top talent.
-
Cammie received 100 NQOs (each option provides a right to purchase 10 shares of MNL stock for $10 per share) at the time she started working for MNL Corporation four years ago when MNL's stock price...
-
The 2023 annual report of Kingbird Inc. contains the following information (in thousands): Dec. 31, 2023 Dec. 31, 2022 Total assets $1,070,000 $790,000 Total liabilities 626,178 410,044 Consolidated...
-
Below are shown three different crystallographic planes for a unit cell of some hypothetical metal. The circles represent atoms: (a) To what crystal system does the unit cell belong? (b) What would...
-
Write a C++ program that computes a student's grade for an assignment as a percentage given the student's score and total points. The final score must be rounded up to the nearest whole value using...
-
How are the CPI and the PCE deflator similar, and how are they different?
-
What management tools or processes would you use in order to evaluate your employees for remediation training?
-
Should the United States mandate a certain amount of paid time off per year as many other countries currently do? Why or why not?
-
Do you think that you suffer from too much stress? Name a few things that you could do to minimize the dysfunctional stress in your life.
-
What does the consumer price index measure? List three ways in which it differs from the GDP deflator.
-
1. If the assumptions needed for the First Fundamental Theorem of Welfare Economics are met, then the marginal rates of substitution between two goods for the last unit of each good consumed will be...
-
A summary of changes in Pen Corporation's Investment in Sam account from January 1, 2011, to December 31, 2013, follows (in thousands): ADDITIONAL INFORMATION 1. Pen acquired its 80 percent interest...
-
By contract dated January 5, Rebecca agreed to sell to Nancy, and Nancy agreed to buy from Rebecca, a certain parcel of land then zoned commercial. The specific intent of Nancy, which was known to...
-
Pritchard & Baird was a reinsurance broker. A reinsurance broker arranges contracts between insurance companies so that companies that have sold large policies may sell participations in these...
-
Civil Code 1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and...
-
If the angle between vectors \(\vec{A}\) and \(\vec{B}\) is \(110^{\circ}\) and if \(A=1.7 \mathrm{~N}\) and \(B=2.0 \mathrm{~m}\), what is the value of \(\vec{A} \cdot \vec{B}\) ?
-
You throw a textbook to a friend who is at their dormitory window \(2.2 \mathrm{~m}\) above you. You are standing \(4.0 \mathrm{~m}\) away from the building and your throw is perfectly made such that...
-
A force \(\vec{F}=F_{x} \hat{\imath}+F_{y} \hat{\jmath}\) with \(F_{x}=50 \mathrm{~N}\) and \(F_{y}=12 \mathrm{~N}\) is exerted on a particle as the particle moves along the \(x\) axis from \(x=1.0...
Study smarter with the SolutionInn App