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ISR3702 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE September 2024 $2.65   Add to cart

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ISR3702 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE September 2024

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ISR3702 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App

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  • September 13, 2024
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Isr3702
ASSIGNMEMT 2
SEMESTER 2
ENIQUE NO


THIS DOCUMENT
CONTAINS ANSWERS
WORKINGS AND
SOLUTION TO THE
QUESTION BELOW


TRUSTED WORKING

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ADMIN

ESTUDYTUBE.

, ISR3702 Assignment 2 (COMPLETE ANSWERS)
Semester 2 2024 - DUE September 2024 ; 100%
TRUSTED Complete, trusted solutions and
explanations. For assistance, Whats-App



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. Presh (24, Female, Construction worker, Net worth: R560,000, 2
dependants)

• Policy: Term life insurance
• Justification: Presh is young, with two dependants and works in a
physically demanding and potentially hazardous occupation
(construction). A term life insurance policy can provide affordable
coverage for her dependants during the most critical working
years, protecting against potential risks.

2. Premita (36, Male, Lawyer, Net worth: R330,000, 1 dependant)

• Policy: Whole life insurance
• Justification: As a lawyer, Premita likely has stable earnings and
may wish to have lifelong coverage. Whole life insurance offers
both a death benefit and a cash value component, which can be an

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