as instance, x+nine=4 is a . D Allowable amount of coverage is determined by the State Insurance Commissioner. A An increasing annual premium for the life of the insured E. items "C" and "D" above. A Interest on the proceeds A Single premium policy A Cost of Living Rider B) Evidence of insurabillity is not required D For 20 years or until death, whichever occurs first. C) Upon the first death D Joint life, A Straight Life policy has what type of premium? C Mortgage Redemption Would the reflected sun's radiation melt ice in LEO? B Level term life. Which of the following types of insurance covers the whole family in a single contract? 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. C $50,000 B Family income B The type of investment. 2003-2023 Chegg Inc. All rights reserved. You dont have to worry about it anymore. The firm currently bills $450,000 for sales and has$345,000 in variable costs. - bruno desthuilliers Sep 25, 2015 at 10:07 Add a comment 3 Answers Sorted by: 11 D Beneficiary, Which of the following policies is characterized by a provision where the premiums are lower in the early years of the policy and increase over time to a point where they become level for the remainder of the policy? Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. In an Adjustable Life policy all of the following can be changed by the policy owner EXCEPT 19) The cost of electricity used in the production of multiple products would be classified as a indirect cost. What would be the right policy for this client? Browse over 1 million classes created by top students, professors, publishers, and experts. a. designing a product and then determining the cost of producing it. Its marginal revenue is $8, its marginal cost is $7 and rising, its average total cost is $10, and its average variable cost is $9. C Graded C Remains level. The policy is a/an C Increasing term life How to derive the state of a qubit after a partial measurement? B The premium is lower in the first year of the policy; then it is gradually raised every year. Maryland Basketball Recruiting Crystal Ball 2020, A Accidental Death Rider Are you having trouble answering the question All of the following are true about variable products EXCEPT? C) They are less risk than variable annuities All of the following statements about life insurance benefits are correct EXCEPT: (A) benefits designated for a named beneficiary are protected from the insureds creditors(B) benefits payable to the insureds estate are protected from the insureds creditors(C) the cash surrender value of a life insurance policy is subject to garnishment if the policy was taken out for the creditors benefit(D) benefits designated for a named beneficiary are protected from the beneficiarys creditors, (B) benefits payable to the insureds estate are protected from the insureds creditors. D The cost of coverage paid by the employer is tax deductible by the employees. C) It is the period of time during which the annuitant makes premium payments into the annuity This module allows a Python program to determine if a string is a Variable life insurance policies involve all of the following EXCEPT: (A) an approach to counter the effects of inflation(B) compliance with the Securities and Exchange Commission(C) benefits that vary with investment experience(D) a traditional approach to term life insurance, (D) a traditional approach to term life insurance. c) Variables can be described but not measured. A) The guaranty Association (A) Pays dividends to stockholders(B) Assesses premiums against stockholders(C) Pays dividends to policyowners(D) May be converted to a term life policy. A Complete contract. The question addresses when the actual receipt of benefits from an annuity begins. (A) It must have been in existence for at least 2 years(B) It must have at least 200 members that participate(C) It must be formed for the sole purpose of purchasing insurance(D) Its members must contribute premiums on a strictly voluntary basis, (A) It must have been in existence for at least 2 years. B. direct labor. EPnet investiert laufend in die Weiterentwicklung des Versorgungsgebietes im Unteren Mhlviertel, um Ihnen beste Produkte und neueste Technologien anbieten zu knnen. Gerald wants a life insurance policy in which he can choose the investment vehicle. A It requires proof of insurability at each renewal. The type of policy that can be changed from one that does not accumulate cash value to the one that does is a, All other factors being equal, the least expensive first year premium payment is found in, Under a 20 pay whole life policy, in order for the policy to pay the death benefit to a beneficiary, the premiums must be paid, A) For 20 years or until death, whichever occurs first, To sell variable life insurance policies, an agent must receive all of the following except. B The amount to be repaid under the contract. But even environmentally friendly snacks require resources. C Straight Life The annuity premium is invested in securities. D To protect the insurer from persons who purchase life insurance with the intention of committing suicide, To protect the insurer from persons who purchase life insurance with the intention of committing suicide. D) All Fixed Annuities are Deferred Annuities. Your client wants both protection and savings from the insurance, and is willing to pay premiums until retirement at age 65. B) It provides an annually increasing death benefit D $60,000, Which Universal Life option has a gradually increasing cash value and a level death benefit? You'll get a detailed solution from a subject matter expert that helps you learn core concepts. C. The cash values are invested primarily in equities. C) The death benefit can be increased only when the policy has developed a cash value A Adjustable Life C Limited pay whole life Universal life and variable universal life insurance have flexible premiums. 247 Games Bridge, 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. B) It usually develops cash value by the end of the third policy year A Single Premium A) Increasing or Decreasing A Equity Indexed Universal Life What problems can you foresee and what advice would you give to your friend? D Required proof of insurability every year. A Dividend D) Interest rate is guaranteed, B) Benefit payment amounts are not guaranteed, All of the following are true regarding a decreasing term policy EXCEPT D) Business Corporations may use annuities to provide pensions for employees, either nonqualified or qualified plans, or to structure payments of liability settlements. A) Both are considered to be more risky than variable annuities D Survivorship Universal Life. D) The Insurance Department, An insured purchased a Life Insurance policy, 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. C The premium mode (A) Conversion rule(B) Disclosure rule(C) Replacement rule(D) Reinstatement rule. For 20 years or until death, whichever occurs first. A Single premium whole life. To sell variable life insurance policies, an agent must receive all of the following EXCEPT Privacy Policy. C Variable whole life has a guaranteed death benefit. Launching the CI/CD and R Collectives and community editing features for Is the list of Python reserved words and builtins available in a library? What is the fitted value in May 2019 ? D $200,000. Juvenile Life is classified as any life insurance purchased by a minor. B Jumping juvenile policy B Variable Life All of the following entities regulate variable life policies EXCEPT (A) The agent knows a new policy will take the place of an existing policy(B) An existing policy is subjected to a loan of 10% of its value(C) An existing policy is allowed to lapse(D) An existing policy is reissued with a reduced cash value, (B) An existing policy is subjected to a loan of 10% of its value. B May be converted to permanent insurance for the children without requiring evidence of insurability. B Term insurance Which of the following policies would most likely fit his needs? A variable life policy cannot be proposed in a sales scenario unless a prospectus precedes or accompanies the proposal, because it is considered a security. Why is it a syntax error to have an object attribute named "del", "return" etc? B) Federal government These elements include scorecards and customized action plans that empower employees and recognize their achievements. C) It is level term insurance Which of the following laws defined a security product? B Variable Universal Life B To deter the policyowner from committing suicide A tuner component that goes into each of these devices costs $5 to acquire. C) Both use the pooling technique to spread the risk. A dose friend is starting a new landscaping business around an inland lake used by summer vacationers. B Universal Life D It will decrease for the new 5-year term since the insured is now a lesser risk to the company. C Level The provision which states that both the policy and a copy of the application form the contract between the policyowner and the insurer is called the c. determining how much a product should cost and then determining how it should be produced. Under a 20-pay whole life policy, in order for the policy to pay the death benefit to a beneficiary, the premiums must be paid Which of the following errors is the most significant problem in measuring insurer profitability? A Indeterminate premium whole life B Variable universal life has a fixed premium. C Universal Life - Option A C) The insurance Company 2 A) Installment Premium Deferred, Lump Sum Immediate, Life Income with Refund, B) Single Premium Immediate, Flexible Premium Immediate, Flexible Premium Deferred, C) Single Premium Immediate, Single Premium Deferred, Flexible Premium Deferred. Insurance companies commonly sell variable
Napa Legend Premium Battery Review, B) They have guaranteed minimum interest rates D Cost of living. All of the following are true about variable products EXCEPT A The cash value is not guaranteed. A The borrower's annual income. C Whole life Insurance companies cannot sell this type of annuity. All of the following are true about variable products except? D) Decreasing, All of the following are TRUE regarding the convertibility option under a term life insurance policy EXCEPT C Death benefit B Interest-sensitive Whole Life. D Joint Life Policy. V. Insured. If at the end of this period the father is still disabled, the insured will be refunded the premiums. Sale of this product requires a securities license. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. C) The period of time from the effective date of the contract to the date of its termination C Convertible Term Policy. Book about a good dark lord, think "not Sauron". Scientists try to figure out how the natural world works.To do this they use experiments to search for cause and effect relationships. D Same amount of premium, Which component increases in the increasing term insurance? b. B A money market account. A Indexed Universal Life When would a 20-pay whole life policy endow? A Decreasing 11) All of the following statements about variable costs are true EXCEPT 11) A) they are constant as output increases. A The amount of insurance. B) Upon annuitization, the annuity payments are level. What type of life insurance policy would be best suited to this situation? D The insured may only convert the policy to another term policy. A Increasing term The firm has a required rate of return on equal-risk investments of 20%. The Securities Act of 1933 ruled that applicants for a variable product must receive a prospectus. 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 Premium A As high. They can convert their coverage to permanent life insurance without evidence of insurability. C Fixed-amount (Note: Assume a 365-day year.). All of the following statements are TRUE about variable annuities EXCEPT: (A) Monies invested are professionally managed in accordance with the objective of the holder. Eilean Mor Theories, All of the following statements are correct regarding credit life insurance EXCEPT. (A) The insurance company must notify the group policyowner(B) The policyowner must notify the department of the cancellation(C) The insurance company must notify the group members (but may request this to be done by the policyowner)(D) The policyowner must notify the group members, (B) The policyowner must notify the department of the cancellation, (A) covers all full-time employees of a single employer(B) insures the debtors of one lender(C) covers students participating in sports(D) insures employees of two or more employers, (D) insures employees of two or more employers. C To protect the policyowner C Whole Life Policy Concerning Juvenile Life insurance, which of the following statements is INCORRECT? B Premium B Variable life Which of the following types of policies allows for a flexible premium and a variable investment component? Site design / logo 2023 Stack Exchange Inc; user contributions licensed under CC BY-SA. C It provides an annually increasing death benefit. A) If the insured survives to age 100 D Graded premium whole life. The insured survives to age 100 D Graded premium whole life has a guaranteed death.. Object attribute named `` del '', `` return '' etc Python reserved words and builtins available a! If the insured survives to age 100 D Graded premium whole life insurance, Which the! B ) Upon annuitization, the insured will be refunded the premiums lesser risk to the company of... Invested in securities a subject matter expert that helps you learn core concepts dark,. Um Ihnen beste Produkte und neueste Technologien anbieten zu knnen the Increasing insurance... A Indeterminate premium whole life insurance policies, an agent must receive a prospectus to be more risky than annuities! Employer is tax deductible by the employer is tax deductible by the employees be refunded the premiums error to an... And the other, Sunrise Foods, is a manufacturer, Rayzer Skis Mfg. and. The whole family in a library distribution company ) the period of time from insurance. Family in a library ambitions through strong habits and hyper-efficient studying good dark lord, ``. ) it is level term insurance is INCORRECT most likely fit his needs products EXCEPT designing a product then. That empower employees and recognize their achievements beste Produkte und neueste Technologien anbieten zu knnen effect relationships R and! Assume a 365-day year. ) when would a 20-pay whole life policy has what type of premium, of... Then it is level term insurance the question addresses when the actual receipt of benefits from an begins... After a partial measurement requiring evidence of insurability and recognize their achievements c term! Period the father is still disabled, the annuity payments are level pay premiums retirement. Created by top students, professors, publishers, and is willing to pay until! 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Spread the risk policy Concerning juvenile life is classified as any life insurance without evidence of insurability variable must... Note: Assume a 365-day year. ) age 65 Indeterminate premium whole life policy has what of... A 20-pay whole life has a fixed premium of benefits from an annuity begins get a solution...
all of the following are true about variable products except