What are the benefits of purchasing the additional group insurance instead of purchasing and individual policy?

Want answers to the assignment Below?

Text or Whatsapp Olivia at +1 (307) 209-4351


 

Place your order today at a 20% discount

What are the benefits of purchasing the additional group insurance instead of purchasing and individual policy?
Scott and Lisa Smith recently got married and moved to your area. They are both 30 years old. Scott just finished his residency in internal medicine and has been offered a job at Memorial Hospital as a staff doctor. He will be employed by hospital directly at beginning salary of 250000. He financed his medical school through a series of student loans, which total 275000. They recently purchased a new home and signed a 30yearmortage for350000.Lisa does not plan on working outside the home at this point. They are already trying to have children and are hoping to have at least2 in the near future. Neither one of them has ever done any financial planning on their own, but they know they need to begin to look at the big picture. Memorial Hospital offers a defined contribution pension in which they contribute6 % of Dr. Smithâ€s income. He can also take advantage of a voluntary 403b plan sponsored by the hospital. Both retirement plans begin after one year of employment. He will begin working next week. Memorial Hospital offers a consumer Directed health plan to its employees. They have a group life insurance policy that automatically covers Dr. Smith for 2 times his annual salary, subject to the normal eligibility requirement of group plans. He has the option of purchasing additional group life insurance of up 5 times his salary. The hospital provide doctors with a group long term disability play that cover 60%of his salary in the event be becomes totally disabled. Lisa has no life insurance. They have come to you to seek advice on how to get started moving in the right financial direction.
Scott does not feel good about only having 60% of his income protected in the event of a disability and asks you for advice on the subject.
What options does he have?
What sort of definition of disability would you recommend he purchase and why?
What elimination period would be best for Scott and Why?
Scott ask you whether he should purchase the additional life insurance protection offered through the hospital or whether he should do something else.
What are the benefits of purchasing the additional group insurance instead of purchasing and individual policy?
Suppose you agree that he needs approximately 2500000 of death benefit in order to cover his debt, provide education savings and replace his lost income. What type of policy would you recommend and why?
What sort of considerations would you explain to him to help him find the best carrier?
Lisa asks you about life insurance for her.
Do you recommend that she purchase any life insurance on her? If so, Why
what type of coverage would you recommend for her and Why?
they are eager to begin saving money and have agreed that they can save 10% of his gross income pretty easily starting immediately.
Can Scott and Lisa both open a traditional IRA?
Can they deduct their contributions from their taxes? If so, will that change next year if Scott decides to contribute to the 403(b) plan?
Can either he or Lisa open a Roth IRA? WHY or Why not.
assuming they contribute the maximum amount allowable into traditional IRAs. What would you recommend they do with any additional savings up to the 10% to which they have committed?
if you recommend an annuity contract, what type of contract would you recommend based upon their current age and expected retirement age of 65? Why?

Don't use plagiarized sources. Get Your Custom Essay on
What are the benefits of purchasing the additional group insurance instead of purchasing and individual policy?
Hire Professionals from just $9.99/Page
Order Essay

 

.

The post What are the benefits of purchasing the additional group insurance instead of purchasing and individual policy? appeared first on Scholarpill Assignment writing service.

  

CLIENT TESTIMONIALS

Thanks.

Awesome customer service great paper

Josh, Britain.

Scholarpill
5
2020-03-11T15:22:48+00:00

Josh, Britain.

Awesome customer service great paper

They are the best. Would highly recommend.

Of the few websites I have tried using, this is the best so far.

I haven't used this service for serious assignments as this is my last semester as I graduate, and all of my classes are electives; However I have used them for a creative and a grant writing course. Both of them have always performed awesomely.  The big advantage I think, is that they seem like they are Native English speakers, unlike other sites. I will continue to use them as they aren't overpriced for the quality you get.

Cathy, Chicago.

Scholarpill
5
2020-03-11T15:27:27+00:00

Cathy, Chicago.

They are the best. Would highly recommend.

Awesome writing service!!! That’s all I can say.

Awesome writing service!!! That's all I can say.




Kelly, Minnesota

Scholarpill
5
2020-03-11T15:30:05+00:00

Kelly, Minnesota

Awesome writing service!!! That's all I can say.

5 star

I've heard a lot of good things about Scholarpill.com and tried it on my own. The quality of their writing is pretty good, the customer service is on nice level and prices are not very high.




Andy, Pennsylvania

Scholarpill
5
2020-03-11T15:31:23+00:00

Andy, Pennsylvania

I've heard a lot of good things about Scholarpill.com and tried it on my own. The quality of their writing is pretty good, the customer service is on nice level and prices are not very high.

Great! That’s all.

I have never comprehended the mass popularity of these Essay writing services. I always thought it to be a lazy idea to have another person write your own essay. However, my opinion was completely altered after I put myself into a situation, when I didn't have an ability to write a research paper for my job, because of the injury I had and Scholarpill.com came to the rescue with awesome writers, and a great writing style. Thank you, guys!




Barbara, The Bay Area,

Scholarpill
4
2020-03-11T15:35:44+00:00

Barbara, The Bay Area,

I have never comprehended the mass popularity of these Essay writing services. I always thought it to be a lazy idea to have another person write your own essay. However, my opinion was completely altered after I put myself into a situation, when I didn't have an ability to write a research paper for my job, because of the injury I had and Scholarpill.com came to the rescue with awesome writers, and a great writing style. Thank you, guys!

You can Trust them

I was afraid to trust you with my work, but you guys proved me wrong, and that I could trust you guys with my work.

Anonymous, New York.

Scholarpill
3
2020-03-11T15:36:34+00:00

Anonymous, New York.

I was afraid to send my work to you, but you proved me that I can trust my work to you.

Great WORK!!! I received an A-, when I though I could not even make the B grade. I am very satisfied with your work. I will refer my friends to you guys




Mary, New Jersey

Scholarpill
5
2020-03-11T15:39:11+00:00

Mary, New Jersey

Great WORK!!! I received an A-, when I though I could not even make the B grade. I am very satisfied with your work. I will refer my friends to you guys

Working with this website is beneficial. They usually send me frequent discounts and freebies. Positive reviews go to them.



Scholarpill
5
2020-03-11T15:40:09+00:00
Working with this website is beneficial. They usually send me frequent discounts and freebies. Positive reviews go to them.

Affordable and Useful

The Service is Affordable, I also like the quality of work and my mark as well. The timing also, was a big boost for me, as I got the essay just as I had set it on the website.

Ladicia, Brooklyn.

Scholarpill
4
2020-03-11T15:42:58+00:00

Ladicia, Brooklyn.

The Service is Affordable, I also like the quality of work and my mark as well. The timing also, was a big boost for me, as I got the essay just as I had set it on the website.

Thanks So much. My Online Classes are always delivered on time

I am a working Mom with two sons, I cannot manage to attend to work and classes at the same time. A writer from the Site, I think Nicholas handles My classes. The assignments are always delivered on time and performance is the highest it has ever been. I always leave a tip to motivate the writer to do even better; He never disappoints. Thank you so much.

Mellissa, New York, US

Scholarpill
5
2020-02-03T07:59:11+00:00

Mellissa, New York, US

I am a working Mom with two sons, I cannot manage to attend to work and classes at the same time. A writer from the Site, I think Nicholas handles My classes. The assignments are always delivered on time and performance is the highest it has ever been. I always leave a tip to motivate the writer to do even better; He never disappoints. Thank you so much.

I was Very Impressed



Thank you very much, will definitely be Using your wonderful services again.


Anonymous, New York

Scholarpill
5
2020-01-30T10:56:27+00:00

Anonymous, New York

Thank you very much, will definitely be Using your wonderful services again.

I scored complete A’s in 3 out of four courses



The coursework was of excellent standard, I scored complete A's in 3 out of four courses handled by the writers. will definitely recommend my friends!!


Anonymous, Illinois,Chicago

Scholarpill
5
2020-01-30T10:58:13+00:00

Anonymous, Illinois,Chicago

The coursework was of excellent standard, I scored complete A's in 3 out of four courses handled by the writers. will definitely recommend my friends!!

Writers here are very professional and are native British



Thanks a lot for helping me out with my PhD Thesis, Writers here are very professional and are native British!!


Jack, United Kingdom

Scholarpill
5
2020-01-30T10:59:16+00:00

Jack, United Kingdom

Writers here are very professional and are native British

Sweet!

You guys are the best. Thank you for the grade. Glad to have found you guys, I will definitely recommend my friends.

Kelly J., The United States.

Scholarpill
5
2020-03-11T15:05:54+00:00

Kelly J., The United States.

You guys are the best. Thank you for the grade. Glad to have found you guys, I will definitely recommend my friends.

The Service ain’t Bad

The Writer I worked with was not easily reachable, and the paper was delivered lat minute




Anonymous.

Scholarpill
3
2020-03-11T15:19:39+00:00

Anonymous.

The Writer I worked with was not easily reachable, and the paper was delivered lat minute

Wow! Beats my expectations

I ordered my narrative essay and asked for a 5-day deadline. I was surprised to receive the essay ahead of schedule which I really liked so I can still even make adjustments if there's any, but it was already perfect! Customer support was always friendly and helpful. Thanks, guys. I'll be back soon for more of my assignments.

Manny, New York.

Scholarpill
2020-03-11T15:20:16+00:00

Manny, New York.

I ordered my narrative essay and asked for a 5-day deadline. I was surprised to receive the essay ahead of schedule which I really liked so I can still even make adjustments if there's any, but it was already perfect! Customer support was always friendly and helpful. Thanks, guys. I'll be back soon for more of my assignments.

Great Writers, Fast Service too.

The Writer I worked with was very fast, and also very easy to understand. Although there were a few problems, the writer was quick to admit and correct them. Will definitely use again.

Craig, M. G, New York

Scholarpill
5
2020-01-28T07:09:12+00:00

Craig, M. G, New York

The Writer I worked with was very fast, and also very easy to understand. Although there were a few problems, the writer was quick to admit and correct them. Will definitely use again.

I am happy with what they have done

Scholarpill Essay writing has had my back since fall 2019. I’m happy with what they’ve done to my grades since then. Thank you Writer 554267


Nikolas, Germany

Scholarpill
5
2020-03-11T15:10:58+00:00

Nikolas, Germany

Scholarpill Essay writing has had my back since fall 2019. I’m happy with what they’ve done to my grades since then. Thank you Writer 554267

Awesome service, caring employees

I have used their services for close to two years now, and I could say that they have always exceeded my expectations. Their Support is awesome and they are Quick to reply, The writers are professional and, all my revisions have always been handled fast and to the point. Will always use the service.

John Chang, Slater, MO

Scholarpill
5
2020-01-28T07:01:38+00:00

John Chang, Slater, MO

Awesome service, caring employees

Very Very Helpful, and On time.



The quality of ym Coursework was first class standard. The writers followed the guides properly. many thanks.


Adelio, M. , Madrid, Spain

Scholarpill
5
2020-01-28T07:11:37+00:00

Adelio, M. , Madrid, Spain

Really Really Really Helpful, and On time.

It was a great experience.

It was a great experience. The price was a little expensive for me, but I got an A so I'm fine with it. I had an overal good experience.




Roy, G. Britain.

Scholarpill
5
2020-03-11T15:13:16+00:00

Roy, G. Britain.

It was a great experience. The price was a little expensive for me, but I got an A so I'm fine with it. I had an overal good experience.

They are Great

I have always depended on their services. Always delivered, have never disappointed. Would recommend to any one out there who would like to try. You wont be disappointed.

Anonymous, New York

Scholarpill
4
2020-01-28T07:16:27+00:00

Anonymous, New York

I have always depended on their services. Always delivered, have never disappointed. Would recommend to any one out there who would like to try. You wont be disappointed.

Wouldn’t have asked for more

I have my online classes handled by a writer from the website/company. My work is always delivered on time, 2 to 3 days before the deadline. This saves me a lot of effort and stress, as I am a working mom. Many thanks to you guys.

Emma, Mason, Illinois, US

Scholarpill
5
2020-01-28T07:20:43+00:00

Emma, Mason, Illinois, US

I have my online classes handled by a writer from the website/company. My work is always delivered on time, 2 to 3 days before the deadline. This saves me a lot of effort and stress, as I am a working mom. Many thanks to you guys.

The Service Is Okay. I won’t Complain

The writers on the website are courteous and the customer service responds quickly. My paper was handled well; They promised an A, but delivered an A-. Though I cannot complain, Because the writer was always reachable and corected mistakes upon request.

Thanks.
Scholarpill
5
2020-02-03T08:02:10+00:00
The writers on the website are courteous and the customer service responds quickly. My paper was handled well; They promised an A, but delivered an A-. Though I cannot complain, Because the writer was always reachable and corected mistakes upon request. Thanks.

My assignment was written well, and was of first class standard



My assignment was written well, and was of first class standard. The Writer I worked with delivered the work on time and of top quality. Really like the service. Will give them my upcoming dissertation as well.


Anonymous, United Arab Emirates

Scholarpill
5
2020-01-30T10:55:00+00:00

Anonymous, United Arab Emirates

My assignment was written well, and was of first class standard. The Writer I worked with delivered the work on time and of top quality. Really like the service. Will give them my upcoming dissertation as well.

Amazing and Affordable

Scholarpill.com has the most amazing customer service agents. I was having a hard time completing my 18 page Essay; as I have other things in Life to do as well. After hiring a professional writer from the website, my paper was delivered in half the time. Any minor revision requests I had were made very promptly, and all for 25% discount. How amazing!! You guys deserve my five star review. Thanks.

PS. thanks, I would love to order again next time!

McCarthy, M. United States.

Scholarpill
2020-03-11T15:17:50+00:00

McCarthy, M. United States.

Scholarpill.com has the most amazing customer service agents. I was having a hard time completing my 18 page Essay; as I have other things in Life to do as well. After hiring a professional writer from the website, my paper was delivered in half the time. Any minor revision requests I had were made very promptly, and all for 25% discount. How amazing!! You guys deserve my five star review. Thanks. PS. thanks, I would love to order again next time!
4.7
24
Scholarpill