RMIN 317 Lecture Notes - Lecture 13: Viatical Settlement, Life Settlement, Traditional Investments
7 Dec 2016
School
Department
Course
Professor
Document Summary
Life insurance and annuities chapter 1311/22/2016 8:37:00 pm. Communicate & consult: engage with internal & external stakeholders. Risk assessment: identify events and sources of risk. Decide on strategy for treatment: risk control, risk treatment. Will (25) and kate (23) have 1 child: george is 4 year old, they have one on the way and want 1 more. What risks do they face in being able to meet their goals: market risk food truck business fails/struggles. Maybe need plan to diversify their business: health problems/disabilities with them or their kids. Adds a lot of costs to them and can impact income: die, split up, food truck in an accident lose main asset, get somebody sick through their food truck. Tom (50) and sarah (51) have 3 kids: luke and emily are in university, madeline is in grade 6 and has special needs. Tom is a geologist and sarah doesn"t work so she can support.
