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In: Economics

FIN401: Insurance Risk Management: Your parents are fortunate enough to have been able to save up...

FIN401: Insurance Risk Management: Your parents are fortunate enough to have been able to save up $20,000. They ask you what they should do with the money. Recommend to your parents that they take that money and purchase a life insurance policy for the first time in their lives. Support your recommendation with reasons why investing in life insurance is a good investment and provide them with guidance in choosing the right policy for them.

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Solution :-

The savings of $ 20,000 that . you have should be invested proper so that you can make the best out of it and the most safe option is to purchase life insurance policy regarding the same and that will help us keeps safe and sure even if there is an emergency fir which we will need money.

The rate of interest provided by the life insurance.. life insurance so many uses, life insurance policy will also be quite close to that provide by banks and even more and depending upon the type of policy

Rahul Sunny answered 2 years ago
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