BUSI 2060 Personal Finance Assignment Example | Topics and Well Written Essays - 500 words

BUSI 2060 Personal Finance - Assignment Example Second, a whole life policy combines a term policy with a cash investment component. The cover will remain relevant even when she changes employers unlike the group policy. I disagree because a large amount right would mean that she pays higher premiums. This is almost impossible because she has four dependants and her job would not provide adequate income to cover for all the living expenses including the insurance policy (Brown, Chambers & Currie, 2001). A whole life insurance policy is the best guarantee because a percentage of the premium can be used in creating a cash value. Afterwards, the cash value can be used to pay off the entire policy after a few years. A whole life cover is also desirable given that it ensures that a policy holder saves on taxes. Generally, a whole insurance policy would have a high cash value in the event of death and this could mean that dependants will have enough to support them. I disagree with the young couple because the insurance cover is almost half the combined income of the household but does not spread risk. The two couples earn an annual combined income of $57,000 and incur $25,000 as insurance expense. The amount of insurance does cover most of the risks but does not cover for the death of the head of the family (Brown, Chambers & Currie, 2001). Should the man die, the mother of the children will be forced to cover for both her insurance expenses and that of the children. She earns an annual income of $12,000 while the combined insurance expense for the survived family members is $15,000. This means that she will be forced to renegotiate the insurance cover of which it will expose the family members to additional risks. I agree with the retired couple because the surrender value is less than half of the whole life policy. The two do not have dependents and can survive on their pension income as well as their investments. They have reached a late stage in their life and cashing in $12,200 would mean that they

Aspect of Vulnerability on Adult with Learning Disabilities Essay

Aspect of Vulnerability on Adult with Learning Disabilities - Essay Example This group also cannot remember several things that are essential to life. The fundamental aspects such as those dealing with the environment are far-fetched to them. It is imperative that, people with mental illness often do dastardly things other than what is expedient for them. In life experience, such a vulnerable group is supposed to attend a memorable learning institution. They should attend a day centre and must have people who are capable to support them in life. They cannot also administer their social situations and should always be living in hospital. They cannot prepare their own meals, recognize the time, and has shortened communication power   as depicted by Cleaver & Nicholson (2008 p.90). Having known the meaning of this word, let us focus on people with mental weakness. This people are vulnerable in that they have a mental disorder and cannot leave and defend themselves independently. This calls for those who have a sound mind to help them. They are usually prone t o negligence that is separation by their families and society as a whole. Those with mental disorder are vulnerable owing to because of their limited capacity to heed new information. Such information is complicated and are vital for them to learn new skills. They again face disability that may have accrued before adult hood with long lasting effects on the development. People with mental disability are individuals and institution can expose the most vulnerable group in society. They do abuse and neglect, and in most cases, abuse might go without being recognized, and hence not reported to the relevant authority. People with mental disability can have communication needs that hinder them to report any form of abuse to the authority. More so, they cannot know what they have experienced concerning abuse. Factors that can lead to mental illness According to Hollomotz (2011p.299), increased illness or infection can cause a non-ending pain and make them feel uncomfortable. For instance, people with Down’s syndrome usually are infected with chest disorders. There are also generic conditions where they are risk factors to mental health problems. Apparently, Down’s syndrome increases the possibility of getting Alzheimer’s disease. Another factor is brain damage, even though most individuals with mental disorder do not get brain damage, for some brain damage can cause their learning disability. More so we have self-image people with mental illness can feel they are different to their colleagues hence they set themselves apart. Having looked at internal factors lets also look at external factor. They include social causes where they reside in unfavorable environment. They are also prone to adverse life activities such as abuse, or may have experienced harassment. Again, there are things they expect from others but unfortunately, their expectations can be extremely low. In the family, they can get proper support but from exceptionally difficult situa tions. Because there may be stress of careering somebody with mental illness, this may cause financial impairment hence affecting family relations. These people encounter immensely less social networks and so they have controlled support. Safe guarding intervention Parker & Penhale (2009 p.288) points out that safeguarding intervention include assisting those people with mental problems to keep themselves safe avoiding harm. They also respond to harm and