1. Explain high-deductible health plans (HDHP) and healthcare savings accounts (HSA). What are the 2018 deductibles and maximums?
2. Why is time value of money important to life insurance planning? Give an example using the present value method for a 40-year-old compared with a 60-year-old using a 3% interest rate.
3. You just won $7,800 and you want to save it for a downpayment on a house. You decided to put in a 10-year CD that currently earns 5% annually. How much will your CD be worth at maturity?