Exam (elaborations)
ISR3702 Assignment 2 Semester 2 2024
- Course
- Life Insurance (ISR3702)
- Institution
- University Of South Africa (Unisa)
ISR3702 Assignment 2 Semester 2 2024 COMPLETE ANSWERS
[Show more]
Content preview
ISR3702 Assignment2 Semester 2 2024
[Company address]
, ISR3702 Assignment 2 Semester 2 2024
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)
To assist you with this question, I would need to know more details about the specific
life insurance applications mentioned in January 2024. Without that, I can provide an
overview of common life insurance policies and when they are typically applicable. You
can then match the appropriate policy with the application based on the applicant's
needs.
Here are common types of life insurance policies:
1. Term Life Insurance
o Appropriate for: Individuals looking for affordable coverage over a
specific period (e.g., 10, 20, 30 years).
o Purpose: This policy provides coverage for a set number of years and
pays out a death benefit if the insured dies within the term. Ideal for young
families or individuals with temporary financial obligations like mortgage
payments.
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 jpapaya. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R50,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
71184 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now