Question: Your client, Leon, is a 35 year old, single qualied engineer. He is considering taking out $1m in life insurance for a cost of $1500

Your client, Leon, is a 35 year old, single qualied engineer. He is considering taking out $1m in life insurance for a cost of $1500 p.a.. He has come to you for advice as he is not sure if it's worth the cost. Explain to Leon the reasons for and against taking out life insurance. (4 marks)

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