Life insurance examine?
My family's total living expenses are $63,000 a year. After the death of the insured, the total ancestral income would be $55,000. How much life insurance is required to cover the dependents’ income shortfall, if the prevailing interest rate is 4%?Answers: not satisfactory info to answer. How long is coverage needed for? Do you need it for 1 year, 10 years, 50 years?
This is a math cross-question, not an insurance question.
Do you need mortgage insurance in case of fire?
Answers: No. Mortgage insurance protects the lender only, in case of your death.
Your building insurance should cover fire.
With every mortgage you should also apply for buildings insurance (which i think is compulsory).
Optional contents insurance also advisable
no you will need homeowner's insurance for a fire. pmi protects the lender not you.
edit..sorry not homeowner's, rather business.
Can Someone Share Their Insurance Business Plan With Me?
I am looking to take over an already established bureau. They want a business plan from me in the interview. How do I read out I'm gonna sell and turn that into 20+ page? Can anyone help me please?Answers: Who are you going to put up for sale to?
What are you going to sell them?
Why would they buy it?
How are you going to go it?
What are your expectations for sales/income?
What are your anticipated expenses?
How are you going to pay the bills while you try to numeral out all of the above?
Good luck.
not a soul help you within this regard