16 Jul JUSTIFY WHICH OF THE ABOVE MEASURES IS MORE COMMONLY ASSOCIATED WITH POLICIES OF INSURANCE.
hi, i want you to solve this question based on my lecture notes.here is the question:Question 1 (a) (a)Outline the principal differences between the measures of speculative risk and pure risk? (b) Justify which of the above measures is more commonly associated with policies of insurance.i have attached you the lecture note and i want the work to be done within the next 6 hours pleasebest regards Document Preview: Life Policies continued Policy ownership A life policy can be in the name of: The life insured A person or company on the life insured The life insured with a named beneficiary Disability Policies Total and permanent disablement insurance (TPD) – critical aspect relates to definition of total and permanent disablement – more restrictive definition typically provides for lower premiums but less chance of making a successful policy claim Disability Policies continued Trauma insurance – lump sum benefit – can be purchased separately or as an extension of another life policy Combined life, trauma and TPD policies – Linked policies – Combined policies Disability Policies continued Income protection insurance – benefit – waiting period – guaranteed renewal – total disablement lump sum benefit – partial disablement lump sum benefit – Additional benefits Business overheads insurance Health Insurance Policies Health insurance via Medicare provided to all Australian residents as a government service Medicare Available to all Australian residents. Medical benefits Hospital benefits Pays up to 85% of the scheduled fee Health Insurance Policies continued Public pay for Medicare by a levy assessed on taxable income Levy surcharge if resident does not have private health hospital cover and taxable income beyond a family threshold level Private health insurance Available to those who purchase it from a licensed health insurer at an additional cost to the Medicare levy Government supports private health cover by way of a subsidy Provides greater flexibility in where and by whom a person is treated Health Insurance Policies continued Arranging Insurance Through a Superannuation Fund Some personal risk policies such as term life insurance can be arranged via the individuals superannuation fund Premiums will be substantially less within a superannuation fund as opposed to a retail environment Necessary to have a binding… Attachments: ch10-ppt-mcke….ppt
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.