Explain the definition of total disability that is found in a typical waiver-of-premium provision.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
In many current waiverofpremium provisions total disability means that because of disease or bodily ...View the full answer
Answered By
Mounika B
I am extremely committed to my community and regularly volunteer my time as a tutor with St Anns Schools.
i am professional tutor with 2 years of experience instilling confidence in high school and college students.
Effective educator and team player whether working in a school, university, or private provider setting.
Conduct timed practice exams to help students feel comfortable with the testing process.
Evaluate students progress and adjust instruction based on feedback also Identify individual developmental needs and implement customized coaching and mentoring to help students master new skills.
0.00
0 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
-
Explain the definition of disability used in the OASDI program.
-
Explain the definition of standard deviation. Give some practical uses of variation
-
A particular disease is found in a group of South American Indians. During the 1920s, many of these people migrated to Central America. In the Central American group, the disease is never found....
-
E. Blood Flow Through the Kidneys Trace blood flow through the kidneys. Start at the renal artery and number the blood vessels in sequence. afferent arteriole arcuate artery arcuate vein efferent...
-
The following information is available from the accounting records of Eva Corporation: Fixed costs per period are $4800. Sales volume for the last period was $19 360, and variable costs were $13 552....
-
On June 30, 2011, Plaster, Inc., paid $916,000 for 80 percent of Stucco Companys outstanding stock. Plaster assessed the acquisition-date fair value of the 20 percent noncontrolling interest at...
-
(a) Show that Eqs. 8.47 reduce to Eqs. 8.46 when you consider a system of just one object. (b) Follow the procedure used to get from Eq. 8.21 to Eq. 8.24 for a system of many interacting objects....
-
Sonnet, Inc., has the following budgeted standards for the month of March 2011: Average selling price per diskette $ 6.00 Total direct material cost per diskette $ 1.50 Direct manufacturing labor...
-
One key limitation of Sage 50 Accounting software, while there is a Sage 50 cloud version that offers some cloud-based features, the mobile access and functionality may not be as extensive as with...
-
Your brother has just started a new job as the Controller of an IESBA restricted audit client. You do not serve on the audit engagement. What steps must you take to ensure your independence is not...
-
In addition to cash, life insurance death benefits can be paid under other settlement options. Briefly explain the following settlement options. a. Interest option b. Fixed-period option c....
-
a. Describe the incontestable clause in a life insurance policy. b. What is the purpose of the incontestable clause?
-
NewApp Software estimates that it takes a full year for each developer to produce one app. However, after a recent process audit, it was discovered that each developer, on average, spends only 25...
-
2. What is the "bid ask spread as it applies to financial markets? 3. Define the term "derivative" as it apply to financial markets giving: a. An example of a derivative [2] 21 b. C. A description of...
-
1.You are analyzing two bonds. Both have semiannual 6 percent coupons, $1,000 face values, and yields to maturity of 8.1 percent. Bond A matures in 5 years and Bond B matures in 10 years. What's the...
-
Stobin's Toys has decided to expand by opening 25 new stores. Yesterday Stobin's Toys paid a dividend of $1.25. Stobin's Toys earned $75 after flotation costs. If Stobin's cost of issuing these...
-
Factor fully: a) 4-a b)x - 11x+18 c)x - 16x-80 d) mx + mynx - ny e)4x- 8x-5
-
US bank invested $10 million in GBP. The spot rate was $1,35/. The GBP/USD daily FX rate changes follow normal distribution with mean value of 0 and standard deviation of 70 basis points, so 1% of...
-
Go to www.cboe.com, highlight the Products tab, then follow the LEAPS link. What are LEAPS? What are the two types of LEAPS? What are the benefits of equity LEAPS? What are the benefits of index...
-
In the series connection below, what are the respective power consumptions of R, R2, and R3? R R www 4 V=6V P1-3 W; P2=3W; and P3= 3 W OP10.5 W; P2-1 W; and P3= 1.5 W P1=1.5 W; P2=1 W; and P3= 0.5 W...
-
The government has today imposed a price ceiling on gasoline purchased at the pump. As one member of Congress said, It was done to keep gasoline prices within the reach of the poor and the...
-
Explain how the futures markets can be used to reduce interest rate and input price risk.
-
Assume you have just been hired as a financial analyst by Tennessee Sunshine Inc., a midsized Tennessee company that specializes in creating exotic sauces from imported fruits and vegetables. The...
-
What are six reasons risk management might increase the value of a corporation? Assume you have just been hired as a financial analyst by Tennessee Sunshine Inc., a midsized Tennessee company that...
-
Company name is Walmart, Inc. here is the link https://www.sec.gov/ix?doc=/Archives/edgar/data/104169/000010416923000020/wmt-20230131.htm Overview 1. The financial statements for your company are...
-
Congress would like to increase tax revenues by 19 percent. Assume that the average taxpayer in the United States earns $54,000 and pays an average tax rate of 15 percent. Required: a. If the income...
-
Best Solutions is a retail merchandiser selling computer equipment. Best uses the gross method of accounting for inventory purchases and sales, a perpetual inventory system with LIFO inventory...
Study smarter with the SolutionInn App