Questions from Personal Finance


Q: What are the advantages and disadvantages of term life insurance?

What are the advantages and disadvantages of term life insurance?

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Q: Explain how whole life insurance offers financial protection to an individual throughout

Explain how whole life insurance offers financial protection to an individual throughout his or her life.

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Q: Explain how the “paid-up insurance” component of a

Explain how the “paid-up insurance” component of a whole life insurance policy works.

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Q: Felipe and Lucia Ramirez are a newly married couple in their mid

Felipe and Lucia Ramirez are a newly married couple in their mid-20s. Conrad is a senior at a state university and expects to graduate in the summer of 2015. Lucia graduated last spring with a degree...

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Q: Describe the different types of whole life policies. What are the

Describe the different types of whole life policies. What are the advantages and disadvantages of whole life insurance?

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Q: What is universal life insurance? Explain how it differs from whole

What is universal life insurance? Explain how it differs from whole life and variable life insurance.

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Q: Explain how group life insurance differs from standard term life insurance.

Explain how group life insurance differs from standard term life insurance. What do employees stand to gain from group life?

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Q: Briefly describe the steps to take when you shop for and buy

Briefly describe the steps to take when you shop for and buy life insurance.

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Q: Briefly describe the insurance company ratings assigned by A. M.

Briefly describe the insurance company ratings assigned by A. M. Best, Moody’s, Fitch, and Standard & Poor’s. Why is it important to know how a company is rated? What ratings would you look for when s...

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Q: Define (a) risk avoidance, (b)

Define (a) risk avoidance, (b) loss prevention, (c) loss control, (d) risk assumption, and (e) an insurance policy. Explain their interrelationships.

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