Lect4S08

Lect4S08 - Life and Health Risks Lecture Four Managing Life...

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Life and Health Risks Lecture Four
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Halek RMI 300 Spring 2008 2 Managing Life and Health Risks Financial Impact of: Premature Death Loss of Health Disability Unemployment Retirement
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Halek RMI 300 Spring 2008 3 Premature Death Meaning/Definition Economic Justification of Life Insurance Financial Impact of Premature Death on Families Financial Impact of Premature Death on Businesses How Costly is Premature Death?
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Halek RMI 300 Spring 2008 4 Approaches to the Amount of Life Insurance One Should Own A. Human Life Approach How Does it Work? Advantages Disadvantages B. Needs Approach How Does it Work? Advantages Disadvantages Example - Life Insurance Needs Estimator http://moneycentral.msn.com/investor/calcs/n_life/main.asp C. Capital Retention Approach
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Halek RMI 300 Spring 2008 5 Financial Impact of Loss of Health Medical care expenses Factors contributing to increased costs
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This note was uploaded on 05/10/2008 for the course Z z taught by Professor Z during the Spring '08 term at Wisconsin.

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Lect4S08 - Life and Health Risks Lecture Four Managing Life...

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