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A fortune teller told Madar in 1955 (30 years old) that he is going to die in the year 1995 (when he will be 70 years old). Madar therefore wants to leave behind enough money for his successors after he dies. He has $200,000 savings and he wants to invest in Life Insurance. There are different Life Insurance schemes – Whole Life Insurance and Term Life Insurance. Apart from Life Insurance schemes he can also invest in Stocks.
Madar has three different investment options available to him namely Whole life insurance, Term Insurance and Stock investments.