You are to assume the role of an insurance agent. You will be meeting with a new client that wants to know more about different types of insurance that would be beneficial.
The client is a 26-year old starting out in a new professional career. The client’s employer offers health insurance for all full-time employees, so the client does not need information about health insurance. However, the client does not currently have any other insurance.
Given the following information about the client, you must propose different types of insurance that would benefit the client. You must also explain factors that will affect the cost of insurance premiums and possible consequences of not having each type of insurance.
- The client does not currently own a vehicle but will soon be in the market to purchase a reliable car.
- The client does not own a home, but instead rents an apartment.
- The client has a young child.
- The client recently inherited several pieces of art that were appraised at being worth more than $50,000.
