Question: Janet has determined that a $ 2 0 0 , 0 0 0 whole life insurance policy would best suit her needs. she consulted with
Janet has determined that a $ whole life insurance policy would best suit her needs. she consulted with one insurance broker, Tom Trustworthy, who quoted her a monthly rate of $ she remembers learning in her personal finance course that premiumsfor similar policies, so she plans to Before doing anything else, she decides to consult her uncle Dmitri, a banker in a trust department, about the features of his life insurance policy. He tells Janet that he has a year, $ level term life policy.
Which of the following are appropriate next steps for Janet?Check all that apply.
Find out whether Tom Trustworthy has a professional designation, such as Chartered Life Underwriter CLU
Assume that a licensed broker will serve a clients best interests.
Ask Dmitri if he can recommend a good agent, since bankers tend to be good sources.
Go with a year, $ level term policy instead, since, as a banker in a trust department, Dmitri probably chose the best
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