Chapter 04 Student

Chapter 04 Student - Chapter Objectives List and describe...

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1 Chapter Objectives List and describe the types of potential losses associated with the risk of premature death Discuss the factors influencing the need to partially or fully replace a deceased’s income for his or her surviving children and/or spouse Describe ways a business can lose money when an employee or owner dies prematurely Explain the nature of a mortality table and give examples of how it can be used for personal risk management Describe several types of medical expense loss that can be incurred Distinguish between types of disability loss and explain the nature of the subjective element in disability Explain the general principles underlying unemployment insurance that exists in all states Describe several factors influencing the frequency and severity of income losses due to retirement
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2 Exposures Due to Premature Death Most people perceive a risk of death as it relates to TIMING: For risk management purposes, it is helpful to classify any death _________ ________________________________.
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This note was uploaded on 06/25/2011 for the course FINA 341 taught by Professor Thompson during the Spring '11 term at South Carolina.

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Chapter 04 Student - Chapter Objectives List and describe...

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