Homework
I. You have a friend, Icahn Betitall, who just started a small business. He is paying a hefty premium for insurance. Icahn's insurance agent told him that he is insuring against the risk of loss on fire, theft, liability, and business interruption. Icahn also has policies for life, health, and automobiles. Icahn is planning a trip to Las Vegas. He plans to contact his agent and obtain a policy on the risk of losing his money at the blackjack table.
1. What should you tell Icahn about being able to purchase such a policy?
2. What are several methods that Icahn can choose to manage his risk exposure in Las Vegas?
3. What types of risk would Icahn be able to transfer?
4. Name two ways that can you transfer risk? Be detailed and specific.. Your answer should include two full paragraphs.
II. Describe one thing that a financial plan can help you to do? (please give a detailed answer that is a paragraph long).
III. Find a resource for senior citizens (can be local, can be national) and discuss how the resource solves a problem for senior citizens.
IV. What is one behavior that you could change to help you create more wealth.
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.