I Need Help case Essay

1. cerebrate of a real or make up but hardheaded example of a pure riskiness that you or some hotshot you get may face, and then answer the questions below.a. identify the specific risk. The specific risk is losing a jobb. What sort of invalidating outcomes atomic number 18 possible for this persona of risk? You wont imbibe any money because you wont get paid.c. Would this risk be likely to create unexpected expenses? why or why not? I dont think so , there is no other extra bills you have to pay.d. Describe at least one way you could protect yourself against this risk.One way you could protect yourself is to get insurance.2. Think of a real or made up but realistic example of a speculative risk that you or someone you know may face, and then answer the questions below.a. Describe the specific risk. Invest in something to make money b. What sort of negative outcomes are possible for this type of risk? One negative outcome is losing all your money.c. What sorts of positive o utcomes are possible for this type of risk? One positive outcome is that you can buoy gain money.d. Would this risk be likely to create unexpected expenses? wherefore or why not? No they only thing you are putting money on is the investment I would think. e. Describe at least one way you could protect yourself against this risk. One way you could protect yourself against is by diversifying your investments among many different types3. Imagine that you are a invoke with young children. You want to get demeanor insurance to protect your children financially until they are old enough to produce their own incomes.Would term life insurance or permanent life insurance be a better choice in this situation? Why?4. Describe both types of insurance that you have or are likely to have at some point in your life. What risks are these insurance plans protecting you against? Why do you think these types of insurance are important? 5. List cardinal valuable relics that might be kept in an a partment or house. Next to each item, write the estimated dollar amount that each item might be worth.