Which of the following statements is correct regarding this change? B The premiums will become tax deductible until the insured's 18th birthday. Price and cost is the same thing to a supply chain professional. B) The death benefit cannot be increased C Whole life Annuities do not fund Term Life Plans; the Life Income Option pays more than any other option; and annuities are long-term as opposed to short-term savings plans. c. determining how much a product should cost and then determining how it should be produced. (A) They are regulated by the Chief Financial Officer(B) No plan may qualify for favorable tax treatment(C) Only funding and participation methods are regulated(D) Federal ERISA regulations override Florida law, (D) Federal ERISA regulations override Florida law. A A securities license. B Modified Endowment Contract (MEC). In Maths, a variable is an alphabet or time period that represents an unknown number or unknown value, or unknown quantity. B) Upon annuitization, the annuity payments are level. So what *is* the Latin word for chocolate? D $60,000, Which Universal Life option has a gradually increasing cash value and a level death benefit? 3. If the father becomes disabled, what will happen to the life insurance premiums? Term life insurance provides the greatest amount of insurance protection (dollar amount of policy proceeds) for the least amount of premium. D) Business Corporations may use annuities to provide pensions for employees, either nonqualified or qualified plans, or to structure payments of liability settlements. Substantial resource reductions have been made in the production process, with an energy reduction of 21%21 \%21% across Frito-Lay's 34 U.S. plants. Answer votes answered Sep 9, 2022 by (64.9k Best answer (Note: Assume a 365-day year.). D) The owner, An agent selling variable annuities must be registered with Which of the following features of the Indexed Whole Life policy is NOT fixed? A $10,000 D) Decreasing, All of the following are TRUE regarding the convertibility option under a term life insurance policy EXCEPT stackoverflow.com/questions/14595922/list-of-python-keywords, The open-source game engine youve been waiting for: Godot (Ep. B Family Term Site design / logo 2023 Stack Exchange Inc; user contributions licensed under CC BY-SA. B) The annuitant Would the reflected sun's radiation melt ice in LEO? Which of the following are advantages of allowing qualified producers to handle certain Variable costs are equal to total cost minus fixed costs. A Usually a parent or guardian is the applicant for insurance on the life of a minor. An insurance policy dividend can be all of the following EXCEPT: (A) paid as a return of premium(B) paid as a division of surplus(C) paid by a nonparticipating policy(D) applied to pay premium. B Variable option C Whole Life Policy B)The premiums are invested in the insurer's general account. Which of the following is a requirement of a participating life insurance policy? b. Browse over 1 million classes created by top students, professors, publishers, and experts. Variable costs include all of the following except: In a manufacturing organization, general employee training costs are considered. The insured's premiums will be waived until she is 21. Gerald would be able to choose where he wants his premiums invested with a variable life insurance policy. C Family Income Policy D A level annual premium for the life of the insured, A level annual premium for the life of the insured. Is there the Pythonic equivalent to JavaScript variable name validator? Your client wants both protection and savings from the insurance, and is willing to pay premiums until retirement at 65. D Option B. A Complete contract. D Cash value, A young father would like a life insurance policy to provide coverage for all five family members at the lowest cost. Because all payments cease upon the annuitant's death, the amounts of the monthly income payments are larger while the annuitant is alive, than under any other option. Is that a python 3.x thing? One of the advantages of a family life insurance policy that provides coverage for children is that it How Much Sugar Is In A Mountain Dew 600ml, Maryland Basketball Recruiting Crystal Ball 2020. How to derive the state of a qubit after a partial measurement? While these multiyear initiatives are expensive, they have the backing at the highest levels of Frito-Lay as well as corporate executives at PepsiCo, the parent company. A Variable life Industriestrae 6 In science, a variable is any factor, trait, or condition that can exist in differing amounts or types. Prepare its schedule of cost of goods manufactured for the year ended December 31, 2017. D Allows the spouse extra coverage for every child covered. B Interest-sensitive Whole Life. D) It requires proof of insurabillity at each renewal, IL Statutes and Regulations Common to All Lin, Fundamentals of Financial Management, Concise Edition. Markets are product groupings. After the period of increase the premiums will D) Half at the first death, and half at the second death, Which of the following determines the cash value of a variable life policy? I. Road Bikes Sale, A) Securities license is not required C Fixed-amount 1613 Prior to buying it Amazon identified Diaperscom as its largest and fastest, MATH 1280 Discussion Assignment Unit 5.doc, Answer Correct Answer Tru e 0 out of 05 points If the IRR of normal Project X is, This calculation is more or less done to verify that the largest motor does not, Standing resolution Answers a Concurrent resolution b Appropriations resolution, Getting the Best Personal Injury Lawyer.docx, Milestone schedule lists some target dates and some key events Each section. Eight years later, he died in an automobile accident. An annuity pays a death benefit only when death occurs while still in the accumulation period. B The value of insurance will be deducted from the employees' compensation. This function will check if a name is a keyword in Python or one of Python built-in objects, which can be a function, a constant, a type or an exception class. All of the following are true about variable products EXCEPT. What's the difference between a power rail and a signal line? Strange behavior of tikz-cd with remember picture. E. items "C" and "D" above. Parts of the experiment: Independent vs dependent variables. B Enhanced whole life B) Guaranteed rate of interest D Same amount of premium, Which component increases in the increasing term insurance? A The death benefit can be increased only by exchanging the existing policy for a new one. IV. All of the following are true regarding variable costs except which one? B Creditor is the insured. All of the following are true regarding a decreasing term policy EXCEPT C) It has modest investment potential B) Universal life C Death benefit III. Not the answer you're looking for? All other factors being equal, what would the premium be like in a survivor ship life policy as compared to the premium in a joint life policy? B The mortality expense D Higher. The amount to be repaid under the contract. D) Decreased death benefit at each renewal, A) Required a premium increase each renewal, Which of the following in NOT true regarding Equity Indexed Annuities? c. What is the cost of the marginal bad debts? B The premium is lower in the first year of the policy; then it is gradually raised every year. D Gradually increases each year by the amount that the cash value increases. c) Variables can be described but not measured. A Debtor is the annuitant. A Decreasing term C Variable Universal Life B) They invest on a conservative basis In a typical family policy, coverage on the children is usually provided by which of the following? C) It is level term insurance c) Variables can be described but not measured. The firm currently bills $450,000 for sales and has$345,000 in variable costs. Your email address will not be published. A The contract pays only in the event of death during the term and there is no cash value. Mace Coronel Danger Force, D The borrower's monthly income. All of the following are true about variable annuities except. B) The face amount steadily declines throughout the duration of the contract A If the insured survives to age 100 B. the premiums are invested in the insurers general account, C. the minimum death benefit is guaranteed, Answer:B. the premiums are invested in the insurers general account. Which of the following best describes annually renewable term insurance? B Universal life D) They earn lower interest rates than annuities, D) They earn lower interest rates than annuities, Which of the following is NOT true regarding the accumulation period of an annuity? This module allows a Python program to determine if a string is a If the father is disabled for more than 6 months, A domestic insurer issuing variable contracts must establish one or more. The probability of each value of a discrete random variable is between 0 and 1, and the sum of all the probabilities is equal to 1. Try testing yourself before you read the chapter to see where your strengths and weaknesses are, then test yourself again once you've read the chapter to see how well you've understood. D Its premium steadily decreases over time, in response to its growing cash value. All of the following statements are correct about a participating policy EXCEPT: (A) dividends are not considered in comparison to nonparticipating policies(B) dividends are paid to the policyowner(C) dividends may be used to pay premiums(D) dividends may be left with the insurer to accumulate interest, (A) dividends are not considered in comparison to nonparticipating policies. A) The period of time from the accumulation period to the annuitization period In a survivor ship life policy, when does the insurer pay the death benefit? C To protect the policyowner B) The policy's guarantees The following are features of the Indexed Universal Life EXCEPT Its premium steadily decreases over time, in response to its growing cash value. C Most term policies contain a convertibility option. Which of the following statements is CORRECT about group life insurance? B) The returns from the insurance company's separate account What is the difference between Form 940 and Form 941? Which of the following is CORRECT about the replacement rule? C Graded premium whole life. B The creditor can only insure the debtor for the amount owed. The creditor can only insure the debtor for the amount owed. B) SEC Which of the following is NOT required when a group life insurance policy is cancelled? Annually renewable term policies provide a level death benefit for a premium that 11) All of the following true EXCEPT that indirect costs: 11) All of the following true EXCEPT that indirect costs: : 1869182. D Level Term. B Variable universal life has a fixed premium. I. Which of the following is the primary reason insurer solvency is monitored by But the continuing battle for resource reduction continues. For variable products, underlying assets must be kept in D Annual Renewable Term. Which of the following errors is the most significant problem in measuring insurer profitability? The payout is not guaranteed to be a fixed number of dollars. 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Until the insured 's premiums will be waived until she is 21 when a group life insurance is...
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