Question: Edison has determined that a $ 1 0 0 , 0 0 0 universal life insurance policy would best suit his needs. he consulted with

Edison has determined that a $100,000 universal life insurance policy would best suit his needs. he consulted with one insurance broker, Tina Trustworthy, who quoted her a monthly rate of $300. he remembers learning in his personal finance course that it isextremely important to compare similar policies from different insurance agencies, so he plans to collect quotes from other companies as well . Before doing anything else, he decides to consult his uncle Sam, an accountant specializing in estate planning, about the features of his life insurance policy. He tells Edison that he has a 10-year, $200,000, level term life policy.
Which of the following are appropriate next steps for Edison?Check all that apply.
Find out whether Tina Trustworthy has a professional designation, such as Chartered Financial Consultant (ChFC).
Go with a 10-year, $200,000, level term policy instead, since, as an accountant specializing in estate planning, Sam probably chose the best policy.
Research the ratings of different insurance companies, as awarded by private agencies such as Moodys.
Find out the monthly premium Sam pays on his policy to compare it with the premium quoted by the broker.

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