If the coverage amount in variable life insurance is $10000, and annual premium is $1000, $500 will

Fantastic news! We've Found the answer you've been seeking!

Question:

If the coverage amount in variable life insurance is $10000, and annual premium is $1000, $500 will allocate to cash value and remaining $500 will allocated to death benefit portion, how many death benefit beneficiary can get after 1 year ?

Related Book For answer-question

Advanced Accounting

ISBN: 978-0538480284

11th edition

Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng

See More Books

Posted Date: Dec 22, 2023 07:14 AM

See More Questions

1. Hannah is applying for a life policy on her girlfriend Sarahs life. The policy is $500,000 and carries a large premium. Hannah is the main earner, so she is concerned about not being able to pay...
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
You are a financial planner with a specialty in risk management. Youve completed the LLQP and are licensed to sell insurance products. You love your career and have built a successful practice based...
Find the lengths of the curves. The curve r = a sin 2 (/2), 0 , a > 0
In a survey on productivity apps, respondents write in the number of apps they have installed in the past six months. What measures of central tendency can be used? Which is the most appropriate and...
The densities of the elements K, Ca, Sc, and Ti are 0.86, 1.5, 3.2, and 4.5 g/cm 3 , respectively. One of these elements crystallizes in a body-centered cubic structure; the other three crystallize...
a deontological philosopher, stated in An Exposition of The Fundamental Principles of Jurisprudence as the Science of Right that Judicial Punishment can never be administered merely as a means for...
Following are selected account balances from Penske Company and Stanza Corporation as of December 31, 2012: On January 1, 2012, Penske acquired all of Stanzas outstanding stock for $680,000 fair...
6. 7. 8. The reaction of sulphur in alkaline medium is given below Sais) +aOH bs2 (aq) (aq) + CS0 (aq) + H2O (1) . (Integer answer) The values of 'a' is 4.5g of compound A (MW = 90) was used to make...
Franklin Joiner, director of health, education, and welfare, had just left a meeting with the states newly elected governor and several of the other recently appointed department heads. One of the...
There has been a lot of talk about trade restrictions, in the hopes that such policies will encourage production and hence job growth in this country. Economists, generally, are skeptical of policies...
Adkins Appliances buys 10,000 common shares of Charlie Inc. for $10 per share on January 2 of the current year. Adkins owns 35% of Charlie Inc.'s voting shares, has significant influence in decision...
Identifies four (4) important insights gained into organizational dynamics, and how you have or will apply them to enhance your leadership effectiveness. A well-constructed paper will reference 4 or...
1.1) Explain the concepts of currency boards, dollarization and free-floating regimes of exchange rates highlighting the advantages and disadvantages associated with each of them. [40%] 1.2) Give an...
Review the Monthly Principal & Interest Factor chart to answer the question: FICO Score 770-789 750-769 730-749 710-729 690-709 APR 30-Year Term 20-Year Term 15-Year Term $5.68 $6.88 $8.17 $6.00...
Based on the videos listed below, discuss how great leaders inspire action and the important traits leaders must have. Consider Phil. 2:3 that says "Do nothing from rivalry or conceit, but in...
The following information is for Wildhorse Video Company: 1. Cash balance per bank, July 31, $7,130. 2. July bank service charge not recorded by the depositor, $38. 3. Cash balance per books, July...
Explain the Hawthorne effect.
Hanson Company issues 10,000 shares of $10 par common stock for the net assets of Marcus Incorporated on December 31, 2012. The stock has a fair value of $65 per share. Acquisition costs are $10,000,...
Record the following events of Mayo Health Clinic, a VHWO: 1. In her will, a leading citizen left a bequest of $400,000 to the clinic. Stipulations were that the amount was to become the corpus of a...
If the income of a partnership is not sufficient enough to satisfy all of the provisions of the partnerships profit-sharing agreement, how should this deficiency is handled?
Give a specific example of a process that has the energy changes and transfers described. (For example, if the question states " $\Delta E_{\mathrm{th}}>0, W=0$," you are to describe a process that...
Give a specific example of a process that has the energy changes and transfers described. (For example, if the question states " $\Delta E_{\mathrm{th}}>0, W=0$," you are to describe a process that...
Give a specific example of a process that has the energy changes and transfers described. (For example, if the question states " $\Delta E_{\mathrm{th}}>0, W=0$," you are to describe a process that...

If the coverage amount in variable life insurance is $10000, and annual premium is $1000, $500 will

Question:

Expert Answer:

In variable life insurance the death benefit is typically composed of two components the face amo... View the full answer

Advanced Accounting

Students also viewed these finance questions