Additional riders and benefits often can be added to a life insurance policy to provide greater protection
Question:
a. Waiver-of-premium provision
b. Guaranteed purchase option
c. Double indemnity rider
d. Cost-of-living rider
e. Accelerated benefits rider
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 43% (16 reviews)
a Under this provision if the insured becomes totally disabled from bodily injury or disease before some stated age all premiums coming due during the ...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara
Question Posted:
Students also viewed these Corporate Finance questions
-
Can proceeds from a life insurance policy be included in a decedents gross estate if the policy was purchased by an S corporation for an employee-shareholder? Databases to search: the Code and IRS...
-
A person who buys a life insurance policy pays a certain amount per year and receives for his family a much larger payment in the event of his death. Would you expect buyers of life insurance to have...
-
A life insurance policy that pays dividends is known as a participating policy. a. Identify the sources from which dividends can be paid. b. List the various dividend options in a typical life...
-
Assume there are 3 types of squirrels in the world (red, black, grey). Assume 40% of squirrels are black, 40% of squirrels are grey and 20% are red. Assume 3% of red squirrels are in Ontario, 2% of...
-
A manufacturer is considering installing new equipment to replace its old hole- punching machine. The equipment will be used for the next 10 years. Two options are being considered. The first piece...
-
Dundee Company started business on January 1 of the current year. The company made total sales of $900,000 during the year, of which $150,000 were cash sales. By the end of the year, Dundee had...
-
Consider an underlying linear model, \(y_{i}^{*}=\mathbf{x}_{i}^{\prime} \boldsymbol{\beta}+\epsilon_{i}^{*}\), where \(\epsilon_{i}^{*}\) is normally distributed with mean zero and variance...
-
The observation of a clients physical inventory is a mandatory auditing procedure when possible for the auditors to carry out and when inventories are material. a. Why is the observation of physical...
-
13. On August 31, Home Depot sold materials for $6,000 cash that is subject to a 5% sales tax. Home Depot is required by law to collect and send sales taxes to the state. On December 31, Home Depot...
-
Project Alpha has two phases. You may invest in the first, in both, or in neither. The first phase requires an investment of $100 today. One year later, Alpha will deliver either $120 or $80, with...
-
Kathy, age 29, is married and has a son, age 3. She owns a $100,000 ordinary life insurance policy that contains a waiver-of-premium provision, guaranteed purchase option, and accelerated benefits...
-
Jim, age 32, purchased a $300,000 five-year renewable and convertible term insurance policy. In answering the health questions, Jim told the agent that he had not visited a doctor within the last...
-
Evaluate each expression. 2-2 3-3
-
The following is a set of VLE data for the system acetone(1)/methanol(2) at 55C: (a) Basing calculations on Eq. (13.24), find parameter values for the Margules equation that provide the best fit of G...
-
We can convert all load/store instructions into register-based (no offset) and put the memory access in parallel with the ALU. What is the clock cycle time if this is done in the single-cycle and in...
-
In a binary tree, print the nodes in zigzag order. In the first level, nodes are printed in the left to right order. In the second level, nodes are printed in right to left and in the third level...
-
In the above question, What if we want to find the most common PHRASE in his writings. We can keep Hash-Table and do the same process of the 2nd and 3rd problems. Question 3 In the above question,...
-
If marginal cost is increasing, what do we know about average cost?
-
Do one iteration of successive relaxation with w = 3/2 using the system in Problem 2.58 and an initial guess x = [0.9 0.1 2.2 1.1]. Data from Problem 2.58 Perform the first two iterations of Jacobis...
-
Briefly describe the following types of group life insurance plans: a. Group term life insurance b. Group accidental death and dismemberment insurance (AD&D) c. Group universal life insurance d....
-
Studying has both costs and benefits. If you continue to study (e.g., for a test) for as long as the marginal benefits of studying are greater than the marginal costs, and you stop studying when the...
-
Phillips Screwdriver Company has borrowed $20 million from a bank at a floating interest rate of 2 percentage points above three-month Treasury bills, which now yield 5 percent. Assume that interest...
-
Hoopoe Corporation wants to borrow 100 million Canadian dollars at a fixed rate with a maturity of five years. It calculates that it can make an international bond issue with the following terms: ...
-
Consider the commodities and financial assets listed in Table 27.6. The risk-free interest rate is 6 percent a year, and the term structure is flat. a. Calculate the six-month futures price for each...
-
Estimate the final temperature in Celsius of the combination if I drop 5 rolls of pennies at 2 0 C ( each roll is 5 0 pennies stacked together; assume they are pure copper ) into a cup of recently -...
-
A 100 gram mass is hung of then end of a cantilever beam . The beam is made of brass, and is 30 cm long (), 2 cm wide, and 3 mm thick. Find the resulting deflection ()
-
The nitrogen-vacancy (NV) and silicon-vacancy (SiV) defects in diamond can lead to many exciting quantum nanotechnologies in physical and biological sciences, including single-photon sensors,...
Study smarter with the SolutionInn App