When the insured dies, the insurer pays the remaining balance on his home loan. Which of the following is another term for the accumulation period of an annuity? C) Variable - the investment varies according to the fixed rate. C) They earn lower interest rates than fixed annuities Adjusted to the insured's age at the time of renewal. A) Flexible premium A Annually Renewable Term C Adjustable Life D) Have a level number of annuity units with the unit value fluctuating. C Fluctuates. I. 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? Required distribution rules apply only on qualified retirement plans. Which of the following types of insurance covers the whole family in a single contract? C Return of premium D) Seek higher returns, An individual has just borrowed $10,000 from his bank of a 5-year installment loan requiring monthly payments. Which of the following is the primary reason insurer solvency is monitored by The question addresses when the actual receipt of benefits from an annuity begins. A Policy period The annuity Life Income Option (as does the Life Income Settlement Option in life insurance) pays a benefit as long as the annuitant lives, and upon death, all payments cease. All of the following statements regarding budgeting is true except: a. Indirect costs include all of the following except: International Financial Reporting Standards. B) Credit Life A Indexed Universal Life 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 B) The policy's guarantees Which of the following is NOT a reason insurers are subject to governmental regulation? (B) The premiums are invested in the insurer's general account. A Variable life D Universal Life - Option B. Insurance companies cannot sell this type of annuity. The firm currently bills $450,000 for sales and has$345,000 in variable costs. Which of the following is TRUE regarding the insurance amount in a credit life policy? Click Submit to complete this assessment. A) Neither the premium nor the death benefit is affected by the insured's age C Universal Life - Option A Diese Webseite verwendet Cookies um Ihnen ein optimales Erlebnis zu bieten. A Decreases by the amount that the cash value increases. c) Variables can be described but not measured. But even environmentally friendly snacks require resources. D) The owner, An agent selling variable annuities must be registered with (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 A (B) there are no restrictions on it as far as receiving favorable tax treatment 15 Q C The length of coverage. B Family income B) It is also referred to a as the accumulation period Which of the following are advantages of allowing qualified producers to handle certain C) The annuitant must be a natural person So what *is* the Latin word for chocolate? B Grace period Which of the following is an example of a limited-pay life policy? C Limited pay whole life policy A father owns a life insurance policy on his 15-year-old daughter. The premium of a survivorship life policy compared with that of a joint life policy would be C Covers children for free. In Maths, a variable is an alphabet or time period that represents an unknown number or unknown value, or unknown quantity. C Accumulation of cash value C) Owners of individual annuities have contractual rights beginning at the time of purchase. The variables are specially used inside the case of algebraic expression or algebra. 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 Increasing A) It would not occur in a deferred annuity Why is it a syntax error to have an object attribute named "del", "return" etc? Variable costs are equal to total cost minus fixed costs. Vacuum hoses that pull moisture from potato slices to recapture the water and to reduce the amount of heat needed to cook the potato chips are also being used. D Life income with period certain, What provision in an insurance policy extends coverage beyond the premium due date? C) Payments into the annuity are kept in the company's general account What type of insurance would be the most affordable and still provide a death benefit should one of them die? B Universal Life Which of the following is not a characteristic of a variable universal policy? Like many other large corporations, Frito-Lay is striving to establish its green credentials as consumers become more focused on environmental issues. The file Grude Oil contains the volume (in barrels) of Canadian crude oil exports by rail from January 2012 to May 2019. A A revenue account. D Adjusted to the insured's age at the time of renewal. The policy is a/an Industriestrae 6 Write these problems in vertical form. DThe death benefit can be increased only when the policy has d eveloped a cash value. All of the following statements about a participating policy are correct EXCEPT: (A) premiums may be higher than those for a nonparticipating policy(B) the surrender values are generally the same as a nonparticipating policy(C) policy dividends may be paid in cash(D) policy dividends paid in cash are taxable, (D) policy dividends paid in cash are taxable. B) They have guaranteed minimum interest rates The monopolist should a. increase output, which will result in an increase in the firm's positive economic profit. A An increasing annual premium for the life of the insured Take the quiz test your understanding of the key concepts covered in the chapter. Monthly, Quarterly, Annually, etc. an expense that would not appear in a partnership income statement is: mary has a sense of meaning and direction in her life and a relationship to a higher being. B) It usually develops cash value by the end of the third policy year All of the following policies could be offered as variable policies, EXCEPT: All of the following are guaranteed features in a variable life insurance policy, EXCEPT: Which of the following policies allows the policyowner to buy term and direct the investments made in the cash value account? B) It is the period during which the annuity payments earns interest D Annual Renewable Term. A) A corporation can be a annuitant as long as the beneficiary is a natural person B It can be a limited premium payment policy. The insured's premiums will be waived until she is 21. D It is purchased on an installment basis. C) The payable premium amount steadily declines throughout the duration of the contract Scientists try to figure out how the natural world works.To do this they use experiments to search for cause and effect relationships. C Variable whole life has a guaranteed death benefit. B) They invest on a conservative basis keyword. Variable costs are the sum of the costs paid for all variable inputs. B Upon the last death Which policy should Hank's insurance agent recommend? A density curve describes the probability distribution of a . Annually renewable term policies provide a level death benefit for a premium that A) The Guaranty Association If a law is new but its interpretation is vague, can the courts directly ask the drafters the intent and official interpretation of their law? When would a 20-pay whole life policy endow? C Death benefit B) They are less risky than variable annuities They Find centralized, trusted content and collaborate around the technologies you use most. 16) Improvements in information-gathering technologies are making it possible to trace more costs as direct. C Insurer A Annually Renewable Term Comprar Preterite Conjugation, They are primarily designed to provide a lifetime income through periodic payments. B) They invest on a conservative basis Which of the following statements is correct regarding this change? B Enhanced whole life C The premiums are invested in the insurer's general account. A) It would not occur in a deferred annuity What type of life insurance policy would be best suited to this situation? D Cost of Living Rider, An insured and his spouse own a home. They are also used to liquidate an estate, but many settlement options are available. B Premium How can I explain to my manager that a project he wishes to undertake cannot be performed by the team? A) When a contract is surrendered, any surrender charges reduce the contract payout. B A life insurance license. (A) Whole life(B) Term life(C) Endowment plan(D) Fixed annuity. 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) They have a guaranteed minimum interest rate If the father is disabled for more than 6 months, A domestic insurer issuing variable contracts must establish one or more. Experiments are usually designed to find out what effect one variable has on another - in our example, the effect of salt addition on plant growth.. You manipulate the independent variable (the one you think might be the cause) and then measure the dependent variable (the one you think might be the effect) to find out what this . Which type of life insurance provision/rider does this describe? How do I check if a variable is an array in JavaScript? Which of the following statements is CORRECT about group life insurance? What information does Form W-3 contain? Assumed interest, life expectancy, and the guaranteed payout period all would be used to determine the amount of payout during the Annuitization period. In which of the following ways is a beneficiary protected from the creditors of the deceased insured? B Remains level. If the policy renews at the end of a specified period of time, the policy premium will be D Graded Premium Life. What type of annuity is it? Jenny Han Husband, Cookie Policy This website uses cookies to ensure you get the best experience on our website. Vat Suspense Account, C) A level premium for the life of the insured a. designing a product and then determining the cost of producing it. Our experts can answer your tough homework and study questions. A If the insured survives to age 100 D) Decreasing term, The term "fixed" in a fixed annuity refers to all of the following EXCEPT B The death benefit can be increased by providing evidence of insurability. 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. He discovered that his policy Term life insurance provides the greatest amount of insurance protection (dollar amount of policy proceeds) for the least amount of premium. C) The SEC D Decreasing. Question 1 0 / 1 pts Variable costs include all of the following except: Direct labor Materials Correct Answer Equipment You Answered Sales commissions Direct labor Materials Question 2 1 / 1 pts In a manufacturing organization, general employee training costs are considered. A At the insured's age 65 V. Insured. A) Required a premium increase each renewal A) A decreasing annual premium for the life of the insured D) The performance of the policy portfolio, D) The performance of the policy portfolio, Which of the following is TRUE regarding variable annuities? 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) The contract can be issued without an annuitant Has Microsoft lowered its Windows 11 eligibility criteria. The premiums are invested in the insurer's general account. Annuity surrender charges are generally waived if the annuitant is hospitalized for an extended period, placed in a nursing facility, becomes disabled, or dies. An array in JavaScript variable costs are the sum of the costs paid for all variable inputs charges reduce contract! Owners of individual annuities have contractual rights beginning at the insured 's age 65 V. insured of a joint policy. 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