Based on this case and your understanding and analysis of the case, you will need to do the following:
Part 1
Identify what Sally would need in her life insurance policy (including, BUT NOT LIMITED TO,
the original face value of the policy, the type of life insurance, all settlement, non-forfeiture,
and dividends options (if any) that should be available to Sally, any riders that might be of
benefit). Provide an explanation or justification for each item you identify. Remember that
everything in an insurance policy will eventually affect the premium to be paid! You need to
provide Sally with the best insurance policy that would fit her needs, but remember: Sally
will not accept anything in her policy that does not fit her needs and is not justifiable.

Sean lives in dallas and runs a business that sells boats. in an average year, he receives $722,000 from selling boats. of this sales revenue, he must pay the manufacturer a wholesale cost of $422,000; he also pays wages and utility bills totaling $268,000. he owns his showroom; if he chooses to rent it out, he will receive $2,000 in rent per year. assume that the value of this showroom does not depreciate over the year. also, if sean does not operate this boat business, he can work as a paralegal, receive an annual salary of $21,000 with no additional monetary costs, and rent out his showroom at the $2,000 per year rate. no other costs are incurred in running this boat business.identify each of sean's costs in the following table as either an implicit cost or an explicit cost of selling boats.implicit costexplicit costthe wages and utility bills that sean pays the rental income sean could receive if he chose to rent out his showroom the salary sean could earn if he worked as a paralegal the wholesale cost for the boats that sean pays the