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commit.
Question 1
1. 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.
Name Occupation Medical Net worth Depend Suggested Policy
risk condition ents
Presh (24, Construction Not stipulated. R560 000 2 A term life insurance
Female, work is policy with accidental
Construction physically death coverage would
worker) demanding be suitable given the
and has higher risk associated with
risk levels. her occupation. She
may also consider
disability insurance
due to the physical
nature of her work
and having
dependents.
Premita (36, Low-risk Not stipulated. R330 000 1 A whole life
Male, Lawyer) profession. insurance policy
would be suitable,
Please note that the author of this document will not responsibility for any plagiarizing you
commit.
Question 1
1. 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.
Name Occupation Medical Net worth Depend Suggested Policy
risk condition ents
Presh (24, Construction Not stipulated. R560 000 2 A term life insurance
Female, work is policy with accidental
Construction physically death coverage would
worker) demanding be suitable given the
and has higher risk associated with
risk levels. her occupation. She
may also consider
disability insurance
due to the physical
nature of her work
and having
dependents.
Premita (36, Low-risk Not stipulated. R330 000 1 A whole life
Male, Lawyer) profession. insurance policy
would be suitable,
