Personal Finance module 5
Ksellamgdame
personal_finance_module_5.rtf[INSERT TITLE HERE] 1
Running head: [INSERT TITLE HERE]
[INSERT TITLE HERE]
Student Name
Allied American University
Author Note
This paper was prepared for [INSERT COURSE NAME], [INSERT COURSE ASSIGNMENT] taught by [INSERT INSTRUCTOR’S NAME].
PART I
Directions: Using Microsoft® Word to save and submit your work, please provide detailed and elaborate responses to the following questions. Your responses should include examples from the reading assignments.
- What are the five basic types of health insurance? What are their benefits and limitations?
- What are some things that you can do to reduce your personal health care costs?
- Why are the costs of health insurance and health care increasing?
- What are the four methods of determining your life insurance needs? Explain the basic principle of each method.
- What do the terms "term," "decreasing-" or "declining term," and "whole life" mean with respect to life insurance?
- What is an annuity? What is the difference between life insurance and an annuity? Include payment options and tax considerations.
- Identify the main private sources of health care insurance.
- What is disability income insurance? What are the major sources of disability income insurance?
- What are the primary sources of government health care insurance?
- What is the importance of health insurance and disability insurance in personal financial planning?
- What is life insurance? What is its purpose and principle?
- What are the two types of life insurance companies? Explain the basic features of each type.
- List some of the important provisions found in most life insurance policies.
- What are the steps in creating a plan to buy your life insurance?
- When choosing an insurance agent, what are some important questions to ask?
PART II
Write a 1-page, double-spaced paper in 12 pt. font answering the following question. Please use APA format.
- Why are the costs of health insurance and health care increasing?
