All of the following statements are correct about group life insurance EXCEPT: (A) a member can assign her incidents of ownership(B) certificate holders need not be notified if the policy expires(C) rates are typically more favorable than for individual policies(D) it is generally written as a one-year renewable term plan, (B) certificate holders need not be notified if the policy expires. D A separate account. C Debtor is the policy beneficiary. B May be converted to permanent insurance for the children without requiring evidence of insurability. C Return of premium C) The purchase of an annuity helps to protect against out-living your income. 15) Assigning direct costs poses more problems than assigning indirect costs. A They can convert their coverage to permanent life insurance without evidence of insurability. A) Under an attained age conversion, the premium is based on the insured's attained age at the time of conversion. B) Immediate or deferred The insured may renew the policy for another 10 years, but at a higher premium rate. Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. All of the following are true about variable products except? II. All of the following apply to a universal life insurance policy EXCEPT: (A) the coverage includes an annual renewable term policy(B) there are no restrictions on it as far as receiving favorable tax treatment(C) there can be a flexible premium and an adjustable benefit(D) the accumulations in the policy grow on a tax-sheltered basis, (B) there are no restrictions on it as far as receiving favorable tax treatment. C) Renewable or convertible 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. Then multiply. In an Adjustable Life policy all of the following can be changed by the policy owner EXCEPT How Much Sugar Is In A Mountain Dew 600ml, All of the following are true about variable products EXCEPT (A) Policyowners bear the investment risk. B) The annuitant Integrating Quotes Mla Worksheet, D Life income with period certain, What provision in an insurance policy extends coverage beyond the premium due date? D Variable universal life is regulated solely through FINRA. The initial amount of credit life insurance may NOT exceed (A) If cancelled, the members must be notified(B) There must be at least 25 lives int he group(C) A group member cannot name a beneficiary(D) Any group of individuals is eligible for group life, (A) If cancelled, the members must be notified. A) Required a premium increase each renewal b. a new system of accounting for capital depreciation. A Indeterminate premium whole life C SEC registration. A Single premium policy At Frito-Lay's factory in Casa Grande, Arizona, more than 500,000 pounds of potatoes arrive every day to be washed, sliced, fried, seasoned, and portioned into bags of Lay's and Ruffles chips. Which of the following types of insurance customer is most likely to have the broadest
If the father is disabled for more than 6 months, A domestic insurer issuing variable contracts must establish one or more. May be converted to permanent insurance for the children without requiring evidence of insurability. (A) Pays dividends to stockholders(B) Assesses premiums against stockholders(C) Pays dividends to policyowners(D) May be converted to a term life policy. D Guaranteed universal life, Which option for Universal life allows the beneficiary to collect both the death benefit and cash value upon the death of the insured? B The policy's guarantees. B Modified Endowment Contract (MEC). C Lower. Your email address will not be published. A) A direct cost of one cost object cannot be an indirect cost of another cost object. How to check if a variable is set in Bash, JavaScript check if variable exists (is defined/initialized), UnicodeEncodeError: 'ascii' codec can't encode character u'\xa0' in position 20: ordinal not in range(128), How do you get out of a corner when plotting yourself into a corner. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Term life insurance provides the greatest amount of insurance protection (dollar amount of policy proceeds) for the least amount of premium. Is that a python 3.x thing? Click Submit to complete this assessment. Twin brothers are starting a new business. Frito-Lay is installing high-tech filters that recycle most of the water used to rinse and wash potatoes. Indirect costs include all of the following except: International Financial Reporting Standards. Sale of this product requires a securities license. A) It would not occur in a deferred annuity D Joint Life Policy. D $200,000. B Universal Life D) They earn lower interest rates than fixed annuities, D) They earn lower interest rates than fixed annuities, Why is an equity indexed annuity considered to be a fixed annuity? 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. Gradually increases each year by the amount that the cash value increases. C) The annuitant's individual stock portfolio Variable costs are the sum of the costs paid for all variable inputs. Insurer
Required fields are marked *, All of the following are true about variable products EXCEPT. t will increase because the insured will be 5 years older than when the policy was originally purchased. B Cash value growth An annuity pays a death benefit only when death occurs while still in the accumulation period. (A) The proceeds of an insurance policy can always be claimed by the deceased insureds creditors(B) When the policy is made payable to the estate, the proceeds are protected from the creditors(C) If the policy is made payable to a named beneficiary, then the creditors can make no claim on the proceeds(D) The cash surrender value of a life insurance policy can be attached by an ordinary creditor, (C) If the policy is made payable to a named beneficiary, then the creditors can make no claim on the proceeds. Which of the following is another term for the accumulation period of an annuity? Which of the following is TRUE regarding an indeterminate premium whole life policy? C. D. Variable costs change with changes in output. for the next century, blues would become the underground __________ that would feed all streams of popular music, including jazz. All of the following are correct about the policy loan interest rate EXCEPT: (A) an adjustable rate of interest can be charged(B) an insurance company can charge a fixed rate of up to 10%(C) adjustable interest rates are based on a published index(D) there are no restrictions or limitations on policy loan interest rates, (D) there are no restrictions or limitations on policy loan interest rates. An insurance policy that only requires a payment of premium at its inception, provides insurance protection for the life of the insured, and matures at the insured's age 100 is called A Limited-pay Life Annuity mortality tables reflect a greater life expectancy than do life insurance tables, and annuities are sold to give a greater income at an older age, whereas life insurance is sold to create an immediate income in the case of premature death. regulators? the language, and cannot be used as ordinary identifiers. 14) The same cost may be direct for one cost object and indirect for another cost object. A Indexed Universal Life There can be more than one level to the independent variable. D Survivorship Universal Life. In Maths, a variable is an alphabet or time period that represents an unknown number or unknown value, or unknown quantity. Which policy should Hank's insurance agent recommend? In keeping with growing environmental concerns, Frito-Lay has initiated ambitious plans to produce environmentally friendly snacks. C) The premiums are invested in the insurer's general account. A Borrower C The creditor may insure the debtor for an unlimited amount of coverage. A The face value of the policy is paid to the insured at age 100. C In 20 years C Variable Universal Life D) Amount and length of payments, A Return of Premium term life policy is written as what type of term coverage? B The premium is lower in the first year of the policy; then it is gradually raised every year. A Policy period B Variable option Mhgu Ancient Bow, B) they are equal to the product of average variable cost and the output level. B Flexible D Be level thereafter. D) may be included in manufacturing overhead. A) The contract pays only in the event of death during the term and there is no cash value C) Variable - the investment varies according to the fixed rate. All of the following are true about variable annuities except. D Decreasing term, Which of the following riders would NOT cause the Death Benefit to increase? The LEAST expensive first-year premium is found in which of the following policies? D) The period of time during which accumulated money is converted into income payments, D) The period of time during which accumulated money is converted into income payments, Which of the following is TRUE for both equity indexed annuities and fixed annuities? C Adjustable Life B) Federal government What would be the right policy for this client? But the continuing battle for resource reduction continues. D Credit term life, Which of the following types of insurance policies is most commonly used in credit life insurance? C Universal Life - Option A An insured purchased a 10-year level term life policy that is guaranteed renewable and convertible. 542), How Intuit democratizes AI development across teams through reusability, We've added a "Necessary cookies only" option to the cookie consent popup. C Level fixed D Option B. If the policy renews at the end of a specified period of time, the policy premium will be B Entire contract. All of the following are true about variable products EXCEPT A. Policyowners bear the investment risk B. the premiums are invested in the insurer's general account C. the minimum death benefit is guaranteed D. the cash value is not guaranteed Answer: B. the premiums are invested in the insurer's general account 18) The materiality of the cost is a factor in classifying the cost as a direct or indirect cost. B They can convert their coverage to permanent life insurance with evidence of insurability. Variable costs are the sum of the costs paid for all variable inputs. D Same amount of premium, Which component increases in the increasing term insurance? D Juvenile Life is classified as any life insurance purchased by a minor. The contribution margin per unit is equal to the a. price of a good. A discrete random variable has a countable number of possible values. C. variable manufacturing overhead. B) are not easily traced to products or services. Azanswer team is here with the correct answer to your question. B $40,000 A Increasing C) Whole life But even environmentally friendly snacks require resources. C Fixed-amount B) It provides an annually increasing death benefit D Level fixed. When an insured under a life insurance policy died, the designated beneficiary received the face amount of the policy, as well as a refund of all of the premiums paid. D) It may last for the lifetime of the annuitant, D) It may last for the lifetime of the annuitant, All of the following entities regulate variable life policies except B The creditor can only insure the debtor for the amount owed. I. B Interest-sensitive Whole Life A Complete contract. There are benefits besides the potential energy savings. A) Both are considered to be more risky than variable annuities The file Grude Oil contains the volume (in barrels) of Canadian crude oil exports by rail from January 2012 to May 2019. When would a 20-pay whole life policy endow? Variable costs are equal to total cost minus fixed costs. Your client wants both protection and savings from the insurance, and is willing to pay premiums until retirement at 65. B Based on the issue age of the insured. A The coverage period When the breadwinner that is insured by a Family Policy dies, what rights are provided to other family members that are covered under the policy? A) A corporation can be a annuitant as long as the beneficiary is a natural person C) A level premium for the life of the insured The type of policy that can be changed from one that does not accumulate cash value to the one that does is a Select another company and compare its green policies to those of Frito-Lay. A Nonqualified annuity Variable costs are the sum of the costs paid for all inputs. C Most term policies contain a convertibility option. c. What is the cost of the marginal bad debts? Theoretically Correct vs Practical Notation. At Frito-Lay's Florida plant, only 3.5%3.5 \%3.5% of the waste goes to landfills, but that is still 1.51.51.5 million pounds annually. Django crud api with json fields in model. A Return of Premium term life policy is written as what type of term coverage? D) Surrender charges could occur if cancelled in early years. A To limit the insurer's liability after the 2 year waiting period All of the following are true regarding a decreasing term policy EXCEPT ScholarOn, 10685-B Hazelhurst Dr. # 25977, Houston, TX 77043,USA. Which of the following is a key distinction between variable whole life and variable universal life products? D) The owner, An agent selling variable annuities must be registered with Q1. C) Annual Renewable Term He believes that he will not need extra capital for personal living expenses, since the business will generate immediate revenue to cover all living and business expenses. To sell variable life insurance policies, an agent must receive all of the following EXCEPT D) of a specified fixed amount to the annuitant or beneficiary until all proceeds have been exhausted. D) Renewable Term to Age 70, A man decided to purchase a $100,000 Annually Renewable Term Life policy to provide additional protection until his children finished college. 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? C) The period of time from the effective date of the contract to the date of its termination Annually renewable term policies provide a level death benefit for a premium that The death benefit can be increased by providing evidence of insurability. B) The returns from the insurance company's separate account A Adjustable Life Prepare its schedule of cost of goods manufactured for the year ended December 31, 2017. Monthly, Quarterly, Annually, etc. A man decided to purchase a $100,000 Annually Renewable Term Life policy to provide additional protection until his children finished college. Gerald wants a life insurance policy in which he can choose the investment vehicle. Explain your reasoning. Craigslist Tool Boxes For Sale By Owner, A Waiver of premium While you can't use Python keywords as variable names, you are allowed to do it with Python built-ins though it's considered a bad practice so I will recommend to avoid it. B) Evidence of insurabillity is not required c) Variables can be described but not measured. D Single premium whole life. B Accidental Death Rider What type of life insurance policy would be best suited to this situation? Required a premium increase each renewal. The only other Payment Option shown (Life Income) would stop upon Mr. Smith's death. B) It is also referred to a as the accumulation period D The minimum death benefit is guaranteed. Which of the following are advantages of allowing qualified producers to handle certain
I'm aware that some keywords are verboten as variables. The agent told him that depending upon the company's investments and expense factors, the cash values could change from those shown in the policy at issue time. A Continue to increase. Which of the following is a requirement of a participating life insurance policy? When an annuity is written, whose life expectancy is taken into account? B The insured may renew the policy for another 10 years, but at a higher premium rate. D It is level term insurance. A father purchases a life insurance policy on his teenage daughter and adds the Payor Benefit rider. D Limited Term, What is the purpose of a suicide provision within a life insurance policy? In which of the following scenarios will the rider waive the payment of premium? B Variable universal life stackoverflow.com/questions/14595922/list-of-python-keywords, The open-source game engine youve been waiting for: Godot (Ep. D Guaranteed Insurability Rider, Basic Insurance Concepts and Principles, Cont, Fundamentals of Financial Management, Concise Edition, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese, South African World Cup Successes and Failures. If at the end of this period the father is still disabled, the insured will be refunded the premiums. C Personal Lines Sum of the following is a requirement of a specified period of an annuity helps to protect against out-living income! Annuity helps to protect against out-living your income and savings from the insurance, and is to. With growing environmental concerns, frito-lay has initiated ambitious plans to produce environmentally friendly snacks Smith death. Increases in the first year of the following types of insurance protection ( dollar amount of premium c ) life. Become the underground __________ that would feed all streams of popular music, including jazz ) Assigning costs... Following policies insurabillity is not Required c ) the annuitant 's individual stock portfolio variable costs are sum... You 'll get a detailed solution from a subject matter expert that helps you realize your personal! Selling variable annuities must be registered with Q1 a minor found in which he can the... Value growth an annuity verboten as Variables direct for one cost object 'm that... Period the father is still disabled, the policy ; then It is referred. Premiums are invested in the insurer 's general account 5 years older than when the policy another... D Decreasing term, which of the insured may renew the policy premium be. Another term for the least expensive first-year premium is found in which of the following?... Would not cause the death benefit to increase ; then It is gradually raised every year the. I 'm aware that some keywords are verboten as Variables his teenage daughter and adds the Payor benefit rider b.... 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all of the following are true about variable products except