Leon earns $100, 000 per year as a notary. He is married to Denise and they are parents of two - year - old twins. To ensure his family's financial security in the
event of his death, he purchased a $1, 000, 000 insurance policy on his life. Since Denise is a stay - at - home mother with no employment income, Léon
believes he has enough insurance coverage to offset any financial losses in the event of his or her death. Is Leon correct?
a. Léon is right: the $1, 000, 000 life insurance policy will provide sufficient income for Denise and the children.
b. Léon is right: insuring Denise's life is unnecessary since she has no income.
c. Léon is incorrect: he should purchase life insurance on the twins.
d. Léon is incorrect: if Denise were to die, Léon would incur additional child care expenses.

Question

05-06-2024
Business

Answered

Westonci.ca is your trusted source for finding answers to all your questions. Ask, explore, and learn with our expert community. Ask your questions and receive detailed answers from professionals with extensive experience in various fields. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

Leon earns $100, 000 per year as a notary. He is married to Denise and they are parents of two - year - old twins. To ensure his family's financial security in the
event of his death, he purchased a $1, 000, 000 insurance policy on his life. Since Denise is a stay - at - home mother with no employment income, Léon
believes he has enough insurance coverage to offset any financial losses in the event of his or her death. Is Leon correct?
a. Léon is right: the $1, 000, 000 life insurance policy will provide sufficient income for Denise and the children.
b. Léon is right: insuring Denise's life is unnecessary since she has no income.
c. Léon is incorrect: he should purchase life insurance on the twins.
d. Léon is incorrect: if Denise were to die, Léon would incur additional child care expenses.

Sagot :

Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.

How much work is accomplished when a force of 300 N pushes a box across the floor for a distance of 100 meters? a, 300 J b, 30,000 J c, 30,000 N d, 300 N

In some less-developed nations, modernization is slowed by a. semi-peripheral nations. c. anti-modernization sentiments. b. longer life expectancies. d. weaker

In which source could a researcher find information about weather conditions at the Peachtree Road Race for the past five years? A) almanac B) atlas C) encyclop

what is 1/5 divided by 4

4. The main reason self-confidence is important in human relations is because A. self-confidence makes you seem more interesting to other people. B. forming

Which statement best describes a result of industrialization in the United States during the mid-nineteenth century? A. People moved to cities in search of ec

people once believed organisms could grow from food or dirt.How might the scientific study of cells have affected this view?

Why are lunar calendars not more widely used today?

What percent of one’s daily caloric intake should come from carbohydrates? A.10% B. 40% C. 20% D. 70%

Frederick Douglass was born a slave in Maryland. He learned to read from white children in his neighborhood when he was 12. After he escaped to the North, he be

Sagot :

Other Questions