Sally has recently bought her first home. She has taken out a mortgage. She has no insurance
Question:
Sally has recently bought her first home. She has taken out a mortgage. She has no insurance cover. She wants to protect her house and ensure she can cover her mortgage. (Can you use New Zealand examples please?)
1. Financial advice product or solution(s)?
2. Reasoning behind the selected solution?
3. Who/what entity will be able to assist and/or would be involved?
B) Hone receives an inheritance of $1,000,000. He decides he wants to invest it and receive a regular income. He knows little about investing and has little time to commit to understanding financial markets or managing the paperwork. (Use New Zealand examples please)
1. Financial advice product or solution(s)?
2. Reasoning behind the selected solution?
3. Who/what entity will be able to assist and/or would be involved?
Expert Answer:
A Sally should consider taking out a mortgage protection insurance policy which will provide her with a lump sum payment or regular income in the even... View the full answer
