Question
In: Operations Management
Joe is 55 years old and has lots of assets, no debt and no children to...
Joe is 55 years old and has lots of assets, no debt and no children to support. He drives a nice car and has a nice house. Which of the following policies does he need the least?
a. a personal liability umbrella policy
b. life insurance
c. auto insurance
d. homeowners insurance
Solutions
Expert Solution
The correct answer is option b.
Life insurance is a contract between the insurance company and the policy holder where a designated beneficiary amount will be paid in exchange for a premium upon the death of the insured person. Since Joe has no children to support, he need life insurance the least.
keosha answered 2 years agoRelated Solutions
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Time 1
Time 2
Time 3
5
6
10
4
7
9
8
8
9
7
9
7
6
5
10
3
5
7
2
2
4
a.
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b.
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c.
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Time 2
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7
9
7
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5
10
3
5
7
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