ISR3702 ASSIGNMENT 2 (CORRECT ANSWERS ) SEMESTER 2 DUE DATE 17th SEPTEMBER 2024 GUARANTEED DISTINCTION.
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Course
Life Insurance
Institution
University Of South Africa
Question 1 (46 marks) Latu Life Insurance Company provides financial services in the Republic of South Africa. In January 2024 the company received the following applications: 1.1 Indicate an appropriate life policy or policies for each application and substantiate your answer. (22) 1.2 Classify ea...
ISR3702 ASSIGNMENT 2
(CORRECT ANSWERS )
th
SEMESTER 2 DUE DATE 17
SEPTEMBER 2024
GUARANTEED DISTINCTION.
Latu Life Insurance Company provides financial services in the Republic of South Africa.
In January 2024 the company received the following applications:
1.1 Indicate an appropriate life policy or policies for each application and substantiate your
answer.
To determine the appropriate life policy for each application, we need to consider the specific
needs and circumstances of the applicants. Here are some common life insurance policies and
their suitability for different situations:
Term Life Insurance: This policy provides coverage for a specific period (e.g., 10, 20,
or 30 years). It's suitable for individuals who need coverage for a certain period, such as
to replace income during working years or to cover a mortgage.
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