Should the Financial Planner Advise His Client to Buy the Life Insurance Policy?
The major objective of this teaching case is to let case users apply their knowledge about life insurance and time value of money (TVM) concept in making financial decision. The case illustrates a financial planner (Jack) trying to help his client (Christyn) who does not truly understand life insu...
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| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2022
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/30664/1/7th%20ICSC%202022%201-5.pdf https://repo.uum.edu.my/id/eprint/30664/ |
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| Institution: | Universiti Utara Malaysia |
| Language: | English |
| Summary: | The major objective of this teaching case is to let case users apply their knowledge about life insurance
and time value of money (TVM) concept in making financial decision. The case illustrates a financial
planner (Jack) trying to help his client (Christyn) who does not truly understand life insurance to make
a decision whether she should buy the life insurance policy promoted to her by an insurance agent. This
teaching case is a decision case in the niche area of economic and financial analysis. It requires the case
users to assume the role of Jack (financial planner) to do the following to help Christyn: (a) comparing
the cost of insurance (total premium paid) against the different types of benefits (maturity benefit,
surrender value and death benefit) provided by the life insurance policy, (b) highlighting the
sustainability of the money she has in funding the purchase of the life insurance policy, and (c) providing
recommendations whether she should buy the life insurance policy promoted to her by the insurance
agent. |
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