FIN 2000

Personal Finance

Part 1:

Choose ONE of the following when completing Worksheet 8.1 (You will Find it As an Attachment to the Question):

· FPE #1 or #2

· Analyze your situation

· If you do not have dependents and depend on someone else (to any extent)

· Work on this assignment from the point of view of the person taking care of you

· Estimate the needs of yourself until a time when you’re confident you can be financially independent

· Include any sources of your current income that you can take out from the insured’s death benefit

· If you have dependents

· Work on this assignment from the point of view of yourself

· Estimate the needs of your dependents until a time when you’re confident that they can be financially independent

Part 2:

Insurance Cartoons Discussion – Don’t Overlook the Dark Side!

We've talked pretty extensively in class about how different types of insurance can help us in situations where we need them the most. That's the bright side.

One fact that we have to face at the end of the day, though, is that insurance companies are in the market for a profit (just like pretty much any other business out there). For this discussion assignment, read through all six comics and provide a collective view of them in your discussion post.

Also, answer this open-ended question (no right or wrong answers!): Are insurance companies good or evil?