Category: Personal finance

Prepare a two-page analysis of your insurance needs, particularly your life insurance program, but possibly including home, auto, health, and so forth. Submit the paper to this dropbox.
While consulting any of various insurance agents (life, health, property, and casualty) would be helpful for this portion of your Personal Financial Plan, consider the following simple exercise to gain perspective on life insurance, particularly how to know what level of coverage is sufficient.
To conceptualize the practical value of one’s life insurance death benefit, begin by writing out the face amount of a life insurance contract. Let’s assume that the death-benefit amount is $100,000. This exercise requires that you cross off the first four zeros starting from the right ($100,000). Multiply the remaining numbers by 2 ($10 x 2). The product or result of this calculation is the amount effectually made available to beneficiaries in terms of a daily value (in this case = $20). This assumes that none of the death benefit is used to pay debts, nor invested for other purposes. Rather, this amount would be used for daily living expenses. In other words, a $100,000 death benefit conceptually provides $20 in living expenses per day to a beneficiary. Furthermore, this $20 benefit would last for approximately 13.6 years (again, assuming no other purpose for the death benefit). This gives perspective on the value of a life insurance payout.
Students should use Worksheet 12 in the BUS-241 Resources folder on Moodle to evaluate their life insurance need. (I ATTACHED THEM BELOW)

Assignment Directions: Housing Situations Now and in the Future
Assignment Overview:
For this informal writing assignment, you will explore and reflect on your current housing situation and envision how it will evolve over the next 10 years. You will have the opportunity to express your excitement and concerns about the future housing prospects. The assignment should be a minimum of 2 pages, double-spaced, and in 12-point font. The due date for this assignment is this Wednesday 5/8.
Assignment Guidelines:
1. Introduction:
– Begin by introducing the topic of housing situations and briefly explain the purpose of your writing.
– Provide a clear thesis statement that presents your current housing situation and your expectations for the future.
2. Current Housing Situation:
– Describe your current housing situation in detail. Include information such as the type of housing (apartment, house, etc.), location, size, and any significant features.
– Explain your experiences and feelings about your current housing situation. What do you like or dislike about it? How does it meet your needs?
3. Future Housing Situation:
– Envision and describe how you expect your housing situation to change over the next 10 years. Consider factors such as career prospects, personal goals, and financial circumstances.
– Discuss the type of housing you hope to have in the future, the location, and any specific features or amenities you desire.
– Outline the reasons behind your expectations and aspirations for the future housing situation.
4. Excitement and Expectations:
– Share the aspects of your anticipated future housing situation that excite you. What are you looking forward to the most? Explain why these aspects are important to you.
– Discuss how these exciting prospects align with your personal goals and aspirations.
5. Concerns and Challenges:
– Address any concerns or fears you have about your future housing situation. What aspects make you nervous or uncertain? Elaborate on why these concerns exist and how they may impact your plans.
– Reflect on possible strategies or actions you can take to overcome these challenges.
6. Conclusion:
– Summarize your current housing situation and your expectations for the future.
– Reflect on how this assignment has influenced your understanding of housing and its significance in your life.
– End with a closing statement that leaves a lasting impression on the reader.
Assignment Requirements:
– The assignment should be a minimum of 2 pages, double-spaced, and written in 12-point font.
– Use correct grammar, punctuation, and spelling throughout your writing.
– Consider paragraph organization and ensure a logical flow of ideas.
– Reflect on both positive and negative aspects of your current and future housing situations.
– Provide specific examples and details to support your points.
Note: Remember to proofread your work before submission to ensure accuracy and readability. Also, adhere to the designated due date and format specified by your teacher. Best of luck with your assignment, and feel free to seek assistance if needed!