In Creating a Plan to Buy Your Life Insurance,what Factors

question 16

Essay

In creating a plan to buy your life insurance,what factors should you consider before buying? Also,describe from whom you should buy,including the sources,how companies are compared,and what kind of agent to use.

---

Definitions:

Cost Driver

A factor that influences or contributes to the expense of certain business operations.

Direct Costs

Costs that can be directly attributed to the production of a specific good or service, such as raw materials and direct labor.

Allocation Base

A measure or statistic used to distribute indirect costs to different cost objects, such as departments or products.

Overhead Costs

Expenses related to the day-to-day running of a business that cannot be directly attributed to creating a product or service, such as rent, utilities, and insurance.