BUSN 380 help Making Decisions/uophelp.com BUSN 380 help Making Decisions/uophelp.com | Page 96

Question 14.14. (TCOs 6 and 7) As an individual approaches retirement
age, he or she may consider (Points : 1)
increasing the face value of his or her life insurance.
increasing his or her property insurance coverage.
keeping his or her life insurance intact.
decreasing the face value of his or her life insurance.
exchanging his or her old life insurance policy with a new one.
Question 15.15. (TCOs 6 and 7) As people grow older, which type of
housing is designed to allow people to stay in their homes more easily?
(Points : 1)
Accessory apartment
ECHO unit
Rooming house
Universal design
Professional companionship arrangement
Question 16.16. (TCOs 6 and 7) Estate planning involves _____ if a
person is married. (Points : 1)
the interest of at least two people
fewer legal requirements
fewer financial responsibilities
seeking the services of a securities broker
None of the above
Question 17.17. (TCOs 6 and 7) _____ refers to what Gerald Wilkins
has in his possession and owns, including a home worth $250,000, a car
worth $15,000, various investments worth $600,000, and other personal
assets worth $25,000. (Points : 1)
A trust
A will
An estate