SQQM2073 A211: CH4 LIFE Annuity WEEK 7 (24 Nov 2021) by iDLan

SQQM2073 A211: CH4 LIFE Annuity WEEK 7 (24 Nov 2021) by iDLan https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd STUDENT ID is required for any post & comment. Participation is compulsory as evidence of your attendance. en-us 2021-11-24 01:41:16 UTC 2021-11-28 00:43:26 UTC hello@padlet.com https://padlet-uploads.storage.googleapis.com/366212997/2ce7c3c94c860975c60849a6084edbea/Screenshot_2021_03_13_at_11_08_29_PM.png Reflection rizsha009 https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1909633594 I don't quite understand when looking at the explanation but after looking at the example 1 I already understand it
273451 Mohamad Shariz Iman]]> 2021-11-24 02:16:06 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1909633594 Both annuities and life insurance should be considered in your long-term financial plan. While both include death benefits, you buy life insurance in the event you die too soon and an annuity in case you live too long. In other words, life insurance provides economic protection to your loved ones if you die before your financial obligations to them are met, while annuities guard against outliving your assets. https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1909651900 SAFALAS TAUFIK
258173]]> 2021-11-24 02:27:33 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1909651900 Liew Guan Yu 271021 guanyuliew1 https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1909701375 life insurance：benefit will be paid when individual dies

life annuities： benefit will be paid when individual survive]]> 2021-11-24 02:58:43 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1909701375 Nur Fatihah 272877 nnrfatihahs29 https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1909709085 Life insurance is a death benefit if you die sum of money will be paid out to your spouse or children.

Life annuity is a series of payments made continuously or at equal intervals while a given life survives and is commonly utilised to offer retirement income.]]> 2021-11-24 03:03:22 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1909709085 Nurin Syaida 272872 AdiAys https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1909719043 Life insurance provides valuable financial protection for those that mean the most to you.
Meanwhile, an annuity is an insurance contract you purchase that guarantees you'll receive a specified amount of money every month for the rest of your life.]]> 2021-11-24 03:09:59 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1909719043 DEEVASHINI SHANMUGAM 272396 dvashini27 https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1909724581 Based from the video, I can understand that life insurance benefits will be paid when an individual dies. Whereas, the life annuity benefits will be paid as long as the individual survives.]]> 2021-11-24 03:13:54 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1909724581 Nurshuhaida Binti Zamzuri 272812 shuhaidaaida81 https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1909740999 Based on the video, for life insurance the benefit will be paid when an individual dies. For life annuity the benefit will be paid as long as the individual survive.]]> 2021-11-24 03:25:39 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1909740999 Chee Tung Hua 271956 https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1909742362 Life annuity is a series of payments made continuously or at equal intervals while a given life survives. Life insurance is a protection against financial loss that would result from the premature death of an insured. This also means that the difference of life annuity and life insurance is life annuity occur when individual survive and life insurance occur when individual dead.]]> 2021-11-24 03:26:33 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1909742362 Yaamini Kavirajan 272372 yaaminikavirajan97 https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1909794065 Reflection 24 November 2021:

What’s the difference between life insurance and life annuity?

From my understandings, life insurance will give financial protection in which insured has to pay a monthly premium for life insurance. Besides, the amount they pay varies on a number of factors, including the type of life insurance purchased. While life annuity is that it provides the opposite type of protection as life insurance.An annuity is an insurance contract we purchase that guarantees to receive a specified amount of money every month for the rest of life. Annuities were created to help protect people as they age by generating a constant source of income that they can count on for a lifetime. In general, life insurance provides protection for loved ones when we die while annuities provide a guaranteed lifetime income for ourself, which means we does not outlive assets or money.

]]> 2021-11-24 04:07:12 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1909794065 Siti Nur Asyikin Ma Hasan 272825 https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1909859744 Life insurance is a protection against loss that would result from the premature death of an insured while life annuity is a series of payments made continuously or at equal intervals while a given life survive.]]> 2021-11-24 05:02:26 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1909859744 Nur Nasuha 272538 https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1909977756 Life insurance is some sort of financial protection to sustain standard of living for your love ones especially your spouse,childrens and parents after your death While Life Annuities is insurance that you applied to guarantee that you receive certain amount of money throughout your whole life to maintain your ownselves standard of living.]]> 2021-11-24 06:48:55 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1909977756 WAN AFIQAH RUZANA BINTI WAN SUKRI 273088 https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1910069654 Life insurance provides economic protection to family or loved ones when an individual dies.

Life annuity is a series of payments at fixed intervals, paid while an individual is alive.]]> 2021-11-24 07:50:51 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1910069654 Iman Luisa Yap 270638 yapjoey1411 https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1910161635 Based on my understanding, life insurance is a benefit that will be paid when an individual dies. Life annuity is a benefit where payments are made if an individual is alive.]]> 2021-11-24 08:47:12 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1910161635 Ong Xue Ying 279519 oxyyying https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1910192963 The benefit will be paid when an individual dies for life insurance. The benefit will be paid as long as an individual survive for life annuity.]]> 2021-11-24 09:07:10 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1910192963 Nurul Nur Diana 272604 nurulnurdianamohdnoor https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1910337202 The difference between life insurance and life annuity is:
life insurance - the benefits will be paid when the individual dies
life annuity - the benefits will be paid as long the individual survive]]> 2021-11-24 10:38:27 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1910337202 LIM SHEN YONG 278760 https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1910372360 The difference between life insurance and life annuity is the benefit of life insurance will be paid after individual dies while the benefit of life annuity will be paid during the period of individual survive]]> 2021-11-24 11:01:14 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1910372360 https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1910537730 Kanchana Mahendran 272897

* For the life insurance, the benefits will be paid when an individual dies. However, for the life annuity the benefit will be paid as long as the individual survive. ]]> 2021-11-24 12:52:46 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1910537730 Chong Yu Ting 270873 ytngchong https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1910885206 Life insurance
benefits will be paid when an individual dies.

Life annuities
benefits will be paid as long as the individual survive.]]> 2021-11-24 15:43:49 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1910885206 Keerthenaa Balakrishnan 272613 https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1910906728 An annuity is a type of insurance contract that promises a certain amount of money every month for the rest of our lives. In general, life insurance protects our loved ones when we die, whereas annuities provide us with a guaranteed lifetime income. Annuities safeguard people as they age by providing a steady stream of income that they can rely on for the rest of their lives.]]> 2021-11-24 15:55:46 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1910906728 Shao Ming Hao 277323 https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1910935184 I understand that life insurance benefit will be paid when individual dies. And life annuities benefit will be paid when individual survive.]]> 2021-11-24 16:11:37 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1910935184 Kaushalya a/p Sundara Nathan 272841 kaushalyanathan1398 https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1910950239 The different between life insurance and life annuity is when a person dies, life insurance protects their family or loved ones financially. A life annuity is a series of payments made at regular intervals while the person is still alive.]]> 2021-11-24 16:20:32 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1910950239 Nur Shafikah Binti Abdullah 273296 https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1911916140 A life annuity is a series of payments made continuously while individuals is service, such as for months, quarters or years.

For life insurance, the benefits will be paid when individuals die. While for life annuities will be paid when individuals survive.

]]> 2021-11-25 05:31:23 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1911916140 Lui Qiao Ying 269599 https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1912312364 Life insurance will pay the benefits when the individual dies while for the life annuities, the benefits will be paid as long as the individuals survive.

]]> 2021-11-25 10:07:31 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1912312364 Azri 274066 azriarman14 https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1915783782 Both annuities and life insurance should be considered in your long-term financial plan. While both include death benefits, you buy life insurance in the event you die too soon and an annuity in case you live too long. In other words, life insurance provides economic protection to your loved ones if you die before your financial obligations to them are met, while annuities guard against outliving your assets.

]]> 2021-11-28 00:43:26 UTC https://padlet.com/dayyanidlan/ri0quqsf47dgz9wd/wish/1915783782