Tutorial_L05_Q - 3. Discuss the two most commonly used ways...

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CC3152 Principles of Financial Planning Tutorial 5 – Questions on Lecture 5 LIFE INSURANCE 1 Discussion Questions 1. Discuss the role insurance plays in the financial planning process. Why is it important to have enough life insurance? 2. Discuss if a single college student would or would not need life insurance. What life- cycle events might affect his or her life insurance needs?
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Unformatted text preview: 3. Discuss the two most commonly used ways to determine a person’s life insurance needs. 4. What are term life insurance and whole life insurance ? Differentiate both their advantages and disadvantages. 5. What is universal life insurance ? Explain how it differs from whole life insurance....
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