Explain the definition of total disability that is found in a typical waiver-of-premium provision.
Answer to relevant Questionsa. Describe the incontestable clause in a life insurance policy.b. What is the purpose of the incontestable clause?Allison is trying to complete her income-tax return. A number of questions have come up about life insurance. Explain the tax treatment of each of the following.a. Allison is the beneficiary named in her grandfather's life ...a. Why is the interest-adjusted cost method a more accurate measure of the cost of life insurance?b. Briefly describe the surrender cost index as a method for determining the cost of life insurance.c. Briefly describe the ...An equity-indexed annuity and a variable annuity are both similar and different in many respects.a. Explain the major similarities between an equity indexed annuity and a variable annuity.b. Identify the major differences ...Describe the major characteristics of a Roth IRA.
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