Essay
You have just concluded a capital needs analysis which shows that Robert Bork needs to purchase a new $400,000 policy. However, when Robert heard that the policy would cost him $2,800 a year, he argued that since he could pay no more than $700 a year, he would prefer to purchase no more than $100,000 of new life insurance. Is it appropriate for you to accept Robert's decision without further discussion?
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Certainly not. If you believe that Rober...View Answer
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Correct Answer:
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