Business, 09.02.2021 22:20, maggie2018

3. Appropriateness of whole life insurance policy. Martha and Louis Mitchell are a dual-career couple who just had their first child. Louis, age 30, already has a group life insurance policy, but Martha’s employer does not offer a life insurance benefit. A financial planner is recommending that the 27-year-old Martha buy a $250,000 whole life policy with an annual premium of $1,670 (the policy has an assumed rate of earnings of 5 percent a year). Help Martha evaluate this advice and decide on an appropriate course of action.

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3. Appropriateness of whole life insurance policy. Martha and Louis Mitchell are a dual-career coup...