Andre and Heather meet with Louisa to discuss their insurance needs The couple have a 5...
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Andre and Heather meet with Louisa to discuss their insurance needs The couple have a 5 year old daughter named Bethany When asked about what is most important, the couple say they would like their coverage to provide income for a surviving spouse until Bethany is at least age 18 In addition, Andre has inherited a collection of classic cars that he would like to eventually pass on to Bethany when he passes He expects there will be a large tax liability on the collection when he dies As such, having the coverage available to offset the tax liability is another important goal for the couple Andre and Heather are early in their careers and are somewhat cash flow constrained Given their current situation, which of the following combinations would BEST meet Andre and Heather's insurance goals 1.joint first to die term15 policy 2.joint first to die whole life policy 3.universal life policy for Andre 4.term100 policy for Andre a. 1 and 2 b. 1 and 4 c 2 and 3 d 3 and 4 Andre and Heather meet with Louisa to discuss their insurance needs The couple have a 5 year old daughter named Bethany When asked about what is most important, the couple say they would like their coverage to provide income for a surviving spouse until Bethany is at least age 18 In addition, Andre has inherited a collection of classic cars that he would like to eventually pass on to Bethany when he passes He expects there will be a large tax liability on the collection when he dies As such, having the coverage available to offset the tax liability is another important goal for the couple Andre and Heather are early in their careers and are somewhat cash flow constrained Given their current situation, which of the following combinations would BEST meet Andre and Heather's insurance goals 1.joint first to die term15 policy 2.joint first to die whole life policy 3.universal life policy for Andre 4.term100 policy for Andre a. 1 and 2 b. 1 and 4 c 2 and 3 d 3 and 4
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option C 2 and 3 Joint first to die whole life policy and ... View the full answer
Related Book For
Advertising & IMC Principles & Practice
ISBN: 978-0132163644
9th Edition
Authors: Sandra Moriarty, Nancy Mitchell, William Wells
Posted Date:
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