Question

Joe Smith is considering the purchase of a disability income policy and is trying to decide between two policies sold by two different companies. The cost of one policy is almost twice that of the other. What provisions in the two contracts would you advise Smith to compare? Explain.

Tim and Sally, successful graduates of the Business Management program at SWTC have recently opened their own business. They have been married for 10 years and have three children under the age of 8. What types of life and health insurance would you recommend for Tim and Sally? Provide a detailed explaination of your answer.

Answer 1

Answering the first question as HOMEWORKLIB Guidelines:

1. Joe Smith is considering the purchase of a disability income policy and is trying to decide between two policies sold by two different companies. The cost of one policy is almost twice that of the other. Joe needs to compare the following provisions of the policies, before making a choice:

• The supplementary income promised
• The benefit to be paid per month
• The associated tax with the insurance
• Scope of insurance coverage
• Injuries covered by the policy