THIS DOCUMENT
CONTAINS ANSWERS
WORKINGS AND
SOLUTION TO THE
QUESTION BELOW
TRUSTED WORKING
100
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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller EstudyTube. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R47,02. You're not tied to anything after your purchase.