Q to highlight a few key concepts from our Module. • This is a graded assignment. • Your answer must be responsive to the question asked to receive full points, see Rubric. • Your answer must be 200 words or more, you must provide a word count at the end of your answer. Jun Hsieh, a 38-year-old widowed mother of three children (ages 12, 10, and 4), works as a product analyst for Panama Hats. Although she’s covered by a group life insurance policy at work, she feels, based on some rough calculations, that she needs additional protection. Phil Griffin, an insurance agent from Safety First Insurance, has been trying to persuade Jun to buy a $150,000, 25-year, limited payment whole life policy. However, Jun favors a variable life policy. To further complicate matters, Jun’s father feels that term life insurance is more suitable to the needs of her young family. Explain to Jun the differences between (a) a whole life policy, (b) a variable life policy, and (c) a term life policy?
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