Recommendation: offer a life, car home insurance bundle. Being affected by a life-threatening accident to either your life, car, or home can become very expensive, and it can drain the money easily if it is not protected. By having insurance planned out, it will help protect one’s wealth without having to worry about paying for the accident with their own money, therefore, understanding that paying a premium for an insurance is still an excellent way to safeguard one’s wealth. However, there are many insurance companies that offer protection for their premium rate, but we would recommend another way that RBC can provide with the premium, as well as investing some of the premium into stocks, mutual funds, or GIC. Our recommendation consists of offering an investment plan with the purchase of the insurance bundle, and (15-20%) of the premium going towards an investment. By investing early, the goal of this investment is to help our customers build their wealth by receiving dividends from their investments after 20-40 years. (This is offer for HENRYs)
Based on that, please analyze this offering ‘s Risk and Contingency. Please think about three risks, one please definitely be budget and return.
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