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. Craigslist Tool Boxes For Sale By Owner, The premium of a survivorship life policy compared with that of a joint life policy would be An insured has a life insurance policy that requires him to only pay premiums for a specified number of years until the policy is paid up. Like many other large corporations, Frito-Lay is striving to establish its green credentials as consumers become more focused on environmental issues. stackoverflow.com/questions/14595922/list-of-python-keywords, The open-source game engine youve been waiting for: Godot (Ep. 1 Python's compiler is your "variable name validator" - as you just found out. How to derive the state of a qubit after a partial measurement? Eight years later, he died in an automobile accident. During what period is a new life insurance policyowner entitled to review a policy and return it for a full refund? Variable costs are the sum of the costs paid for all variable inputs. Which of the following statements is correct regarding this change? B Entire contract. C. D. Variable costs change with changes in output. Explain the following actions by agents that are a. D Higher. B Whole Life Policy. C Mortgage Redemption 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. B Accidental Death Rider D) Its premium steadily decreases over time, in response to its growing cash value, D) Its premium steadily decreases over time, in response to its growing cash value, Which of the following best describes what the annuity period is? B) It is also referred to a as the accumulation period Variable costs include all of the following except: In a manufacturing organization, general employee training costs are considered. Find centralized, trusted content and collaborate around the technologies you use most. 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? But the continuing battle for resource reduction continues. B Guaranteed Universal Life Which of the following applies to variable contracts? All of the following are true about variable products EXCEPT. B The mortality expense 0 A. O B. D Joint Life Policy. All of the following statements are correct about the law for conversion (change of plan) EXCEPT: (A) it applies to the conversion of industrial life insurance policies(B) conversion is permitted without evidence of insurability (C) the maximum amount of face value that can be converted is $2,000(D) an insured can convert several industrial life insurance policies into one ordinary life insurance policy, (C) the maximum amount of face value that can be converted is $2,000. A Variable whole life allows policy loans from the cash value. D) must begin distribution no later than age 59 1/2 or suffer a 10% penalty. The company, for example, advertises that its popular Sun Chips snacks are made using solar energy. If the father is disabled for more than 6 months, A domestic insurer issuing variable contracts must establish one or more. D) Have a level number of annuity units with the unit value fluctuating. Price and cost is the same thing to a supply chain professional. D Decreasing Term, Which of the following is called a "second-to-die" policy? B They can convert their coverage to permanent life insurance with evidence of insurability. So what *is* the Latin word for chocolate? Wir sind Ihr Anbieter fr Internet, Digitales Fernsehen und VoIP-Festnetztelefonie mit jahrelanger Erfahrung. D Survivorship Universal Life. The LEAST expensive first-year premium is found in which of the following policies? How Much Sugar Is In A Mountain Dew 600ml, Maryland Basketball Recruiting Crystal Ball 2020. 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? Any proceeds remaining, if any, are kept by the insurance company. C Covers children for free. The file Grude Oil contains the volume (in barrels) of Canadian crude oil exports by rail from January 2012 to May 2019. He discovered that this policy All of the following are features of variable universal life insurance, EXCEPT: Death protection is deducted from cash value. Frito-Lay has also built over 50 acres of solar concentrators behind its Modesto, California, plant to generate solar power. B) They have guaranteed minimum interest rates B Payor Benefit Rider They can convert their coverage to permanent life insurance without evidence of insurability. Ihr Internet- und TV-Anbieter im Bezirk Freistadt! A If the insured survives to age 100 Variable costs are the sum of the costs paid for all variable inputs. B The death benefit can be increased by providing evidence of insurability. C Since it is the policyowner, and not the insured, who has become disabled, the life insurance policy will not be affected. as instance, x+nine=4 is a . A Single premium policy Adjusted to the insured's age at the time of renewal. Over the life of the policy, stock performance declined and the cash value fell to $10,000. Insurance companies cannot sell this type of annuity. If at the end of this period the father is still disabled, the insured will be refunded the premiums. C) they are zero if output is zero. Our experts can answer your tough homework and study questions. C Graded 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. B) they are equal to the product of average variable cost and the output level. B Creditor requiring that a debtor has a life insurance B Universal Life B Level Term Fr: 7:30-12 Uhr. D Credit term life, Which of the following types of insurance policies is most commonly used in credit life insurance? The monopolist should a. increase output, which will result in an increase in the firm's positive economic profit. Has China expressed the desire to claim Outer Manchuria recently? B) The policy's guarantees How Much Sugar Is In A Mountain Dew 600ml, View desktop site. D The SEC. A Debtor is the annuitant. An insured purchased a Life Insurance policy. B Policyowners bear the investment risk. B Return to the initial premium amount. B Single life 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. A Limited-pay Life B Grace period D Aleatory contract. B) It is the period during which the annuity payments earns interest The variable universal life policy DOES have cash value that varies with the performance of the investment. d) Variables take on different values across participants. What type of insurance would be the most affordable and still provide a death benefit should one of them die? C) The payable premium amount steadily declines throughout the duration of the contract A) Interest-sensitive Whole Life B) Guaranteed rate of interest Comprar Preterite Conjugation, All of the following are true about variable products EXCEPT (A) Policyowners bear the investment risk. We reviewed their content and use your feedback to keep the quality high. Which of the following is NOT an operating goal of an insurer? (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. The only other Payment Option shown (Life Income) would stop upon Mr. Smith's death. The following information is available for the year ended December 31: Beginning Raw Materials + Purchases Ending Raw Materials = Raw Materials Used All of the following statements about the conversion of a term policy are true EXCEPT. A Modified Endowment Contract (MEC). A They can convert their coverage to permanent life insurance without evidence of insurability. The variables are specially used inside the case of algebraic expression or algebra. keyword. A) Annuities do not use the pooling technique to spread risk. What is the fitted value in May 2019 ? C Creditor becoming a policy beneficiary B Renewable A father owns a life insurance policy on his 15-year-old daughter. D) Adjustable Life, Which of the following is a feature of a variable annuity? 21) The distinction between direct and indirect costs is clearly set forth in Generally Accepted Acco, Our Experts can answer your tough homework and study questions. C) A direct cost of one cost object can be an indirect cost of another cost object. A Limited Pay 17) Misallocated indirect costs may lead to NOT promoting profitability. (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. An annuity pays a death benefit only when death occurs while still in the accumulation period. He also wants to buy a life insurance policy, but is financially limited until the car is paid off. What information does Form W-3 contain? D Life Paid-up at Age 65, An Adjustable Life policyowner can change which of the following policy features? C) Increasing (Note: Assume a 365-day year.). Which of the following errors is the most significant problem in measuring insurer profitability? B The amount to be repaid under the contract. Multiple Choice Quiz. C Level term life. B) The returns from the insurance company's separate account B Premium C Surplus Lines Level term insurance provides a level death benefit and a level premium during the policy term. I. Recognizing the environmental impact, the firm is an aggressive "green manufacturer," with major initiatives in resource reduction and sustainability. C) It is the period of time during which the annuitant makes premium payments into the annuity C The premium mode A Accidental Death and Dismemberment Which of the following types of insurance covers the whole family in a single contract? When the insured dies, the insurer pays the remaining balance on his home loan. Which of the following are the three major goals of insurance rate regulation? B Level term life. A Decreasing B Upon the last death 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. A Securities A) It would not occur in a deferred annuity Has Microsoft lowered its Windows 11 eligibility criteria. C The investment account print keyword.iskeyword.iskeyword(pass) doesn't work "keyword" is not defined. Which of the following is the CORRECT number of lives required in Florida for a group life insurance policy? Which type of life insurance provision/rider does this describe? C Face amount Which of the following determines the cash value of a variable life policy? B Premium A The cost of coverage is a deductible expense by the employer. D) Decreasing term, The term "fixed" in a fixed annuity refers to all of the following EXCEPT Cause and effect relationships explain why things happen and allow you to reliably predict the outcomes of . C) The death benefit can be increased only when the policy has developed a cash value A The face value of the policy is paid to the insured at age 100. The payout is not guaranteed to be a fixed number of dollars. C) vary with the selection of the cost object. Which of the following applies to variable contracts? B) If the annuitant dies after receiving 12 monthly income payments. All of the following are true about variable annuities except. B) Built cash values You'll get a detailed solution from a subject matter expert that helps you learn core concepts. B) Benefit payment amounts are not guaranteed C Level Term A) The insurance company keeps a percentage of the returns D Securities. Twin brothers are starting a new business. In Maths, a variable is an alphabet or time period that represents an unknown number or unknown value, or unknown quantity. 247 Games Bridge, D Adjustable death benefit. All of the following are true about variable tolls on roads except -variable tolls are an effective way of correcting the common resource problem on roads.. All of the following are TRUE regarding the convertibility option under a term life insurance policy EXCEPT B Policyowner A biomass boiler, which will burn agricultural waste, is also planned to provide additional renewable fuel. 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. Some variable names are illegal in Python because of it being a reserved word. A Nothing D Cash value, A young father would like a life insurance policy to provide coverage for all five family members at the lowest cost. C In 20 years 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 A Dividend B) They invest on a conservative basis D The cost of coverage paid by the employer is tax deductible by the employees. B) The contract can be issued without an annuitant B) They are less risky than variable annuities B Flexible But even environmentally friendly snacks require resources. All of the following are true regarding variable costs except which one? Which of the following is another term for the accumulation period of an annuity? A Juvenile life All of the following are true about perfect competition firms EXCEPT: a. Insurer
D Gradually increases each year by the amount that the cash value increases. B Modified Endowment Contract (MEC). B)The premiums are invested in the insurer's general account. C Insurer The policy is a/an B Temporary protection D) of a specified fixed amount to the annuitant or beneficiary until all proceeds have been exhausted. C) Required proof insurability every year What type of annuity is it? D Option B. D Joint life, A Straight Life policy has what type of premium? B Neither the premium nor the death benefit is affected by the insured's age. D Graded Premium Life. B) It is the period during which the annuity payments earn interest The insured's premiums will be waived until she is 21. Which of the following statements is correct regarding this change? When an annuity is written, whose life expectancy is taken into account? C) They earn lower interest rates than fixed annuities 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 SEC t will increase because the insured will be 5 years older than when the policy was originally purchased. The following are features of the Indexed Universal Life EXCEPT. C Increasing term life Which of the following riders would NOT cause the Death Benefit to increase? Informative Essay Army Values, 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? B Variable Life Note that Python doesn't have that many keywords and that any half-decent code editor should identify and hilight them properly. B The type of investment. Which policy would you recommend to him? C A general account. B) The annuitant 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. C Level fixed D FINRA registration. D) The funds are invested in the company's general account, C) The annuitant assumes the risks on investment, Which of the following is an example of a limited-pay life policy? - bruno desthuilliers Sep 25, 2015 at 10:07 Add a comment 3 Answers Sorted by: 11 The firm has a required rate of return on equal-risk investments of 20%. Bad-debt expenses will increase from 1% to 1.5% of sales. Updated the ans. You should now have gotten the answer to your question All of the following are true about variable products EXCEPT, which was part of Insurance MCQs & Answers. D The premium is usually higher in the first few years of the policy. 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. B) The face amount steadily declines throughout the duration of the contract C Accumulation of cash value B Half the amount. A Decreasing Term Policy. Answer: D LO: 1 Type: RC. Lower loss adjustment expenses. Which of the following is TRUE regarding an indeterminate premium whole life policy? 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 Based on the issue age of the insured. B) Because of a cost-benefit tradeoff, some direct costs may be treated as indirect costs. All of the following apply under the federal ERISA law EXCEPT: (A) the Florida law on retirement plans supersedes ERISA(B) qualified pension plans receive favorable tax treatment(C) Fiduciary responsibility is required(D) funding, participation, and vesting are addressed, (A) the Florida law on retirement plans supersedes ERISA. C) The annuitant assumes the risks on investment C) The purchase of an annuity helps to protect against out-living your income. A Allows any income the children make to be included in coverage. Frito-Lay, the multi-billion-dollar snack food giant, requires vast amounts of water, electricity, natural gas, and fuel to produce its 41 well-known brands. 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? Sale of this product requires a securities license. 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To claim Outer Manchuria recently 6 months, a variable whole life allows policy from... ( life income ) would stop upon Mr. Smith 's death with evidence of insurability of this the!
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