Allan Schultz is a recent university graduate and has just landed his first job. You...
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Finance
Allan Schultz is a recent university graduate and has just landed his first job. You have been referred to Allan and your interview with him provides the following profile:
1. He is a motivated focused professional
2. Will in all probability marry and begin a family within 5 years
3. Entrepreneurial and wants to be in business for himself
4. Not risk averse with respect to investments
He asks you to recommend a life insurance policy that meets his current needs and provides the flexibility he requires for the future. You propose:
A.
Non-Par WL insurance with WP and GIB
B.
Renewable and Convertible Term Insurance
C.
Universal Life, affordably overfunded, level Death Benefit, with WP and GIB
D.
Term to 100 with Waiver of Premium on Disability (WP) and Guaranteed Insurability Benefit (GIB)
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