ALLIED FIN202 MODULE 5 HOMEWORK ASSIGNMENT

Welcome to the Module 5 Homework Assignment for FIN 202: Personal Finance.This section prepares you to complete this assignment successfully. Please follow these instructions to complete and submit this assignment.You will create a document in either a .doc or .rtf format to record and save your work. If you have never created documents in an .rtf format, please visit the Academic Resource Center and click on Tutorials. You will then see a list of tutorials on the following page. Click on RTF Tutorial.Read the instructions carefully and review your work before you submit your assignment.Include a title page with this assignment. Your title page should follow standard APA formatting. Please view the .allied.edu/Pages/ViewPage.aspx?GroupID=189″>Title Page Example.When you are ready to submit the assignment, click the Start button at the bottom of the page to access the submission page and follow the instructions.If you have any problems with this assignment, please e-mail your instructor.Running head: [INSERT
TITLE HERE][INSERT
TITLE HERE]Student
NameAllied
American UniversityAuthor
Note This
paper was prepared for [INSERT COURSE NAME], [INSERT COURSE ASSIGNMENT] taught
by [INSERT INSTRUCTOR’S NAME].

PART IDirections:
Using Microsoft® Word to save and submit your work, please provide
detailed and elaborate responses to the following questions. Your responses should include examples from
the reading assignments.1.
What are the five basic types of health
insurance? What are their benefits and
limitations?2.
What are some things that you can do to
reduce your personal health care costs?3.
Why are the costs of health insurance
and health care increasing?4.
What are the four methods of determining
your life insurance needs? Explain the
basic principle of each method.5.
What do the terms “term,”
“decreasing-” or “declining term,” and “whole
life” mean with respect to life insurance?6.
What is an annuity? What is the difference between life insurance
and an annuity? Include payment options
and tax considerations.7.
Identify the main private sources of
health care insurance.8.
What is disability income
insurance? What are the major sources of
disability income insurance?9.
What are the primary sources of
government health care insurance?10. What
is the importance of health insurance and disability insurance in personal
financial planning?11. What
is life insurance? What is its purpose
and principle?12. What
are the two types of life insurance companies?
Explain the basic features of each type.13. List
some of the important provisions found in most life insurance policies.14. What
are the steps in creating a plan to buy your life insurance?15. When
choosing an insurance agent, what are some important questions to ask?PART IIWrite a 1-page,
double-spaced paper in 12 pt. font answering the following question. Please use APA format.
1. Why are the costs of health
insurance and health care increasing?