Vienna is interested in purchasing a critical illness insurance policy, but is unsure about the amount...
| Vienna is interested in purchasing a critical illness insurance policy, but is unsure about the amount of coverage she should purchase. Vienna has a family history of cancer and is most concerned with the costs she may incur if she is diagnosed. She meets with Mitchell, an insurance agent, and he shows her several different CI policies, each with some variation on the covered conditions. Which of the following is a factor that should be considered in determining the amount of coverage that Vienna should apply for given her concerns? | ||
| a) | estimate of expenses needed | |
| b) | benefits as a percentage of income | |
| c) | the conditions covered within the policy | |
| d) | family health history | |
Homework Answers
option A:
Viennas major concern is the cost she might incur due to cancer and hence estimate of expenses should be calculated
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