Leanne has a universal life (UL) insurance policy based on her own life. The policy has...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Leanne has a universal life (UL) insurance policy based on her own life. The policy has a $200,000 death benefit with a rider that doubles her death benefit for accidental death. Leanne's policy also includes a dread disease benefit which is 25% of the death benefit, up to a maximum of $100,000 and covers conditions such as heart attack and stroke. While driving home from work, Leanne suffers a massive heart attack behind the wheel of her car and collides with oncoming traffic. She is rushed to hospital but dies the following day. The autopsy reveals that Leanne survived the heart attack, but died as a result of the car crash. How much would Leanne's beneficiary receive from her insurance pollcy? 13 0 Oa) Ob) $200,000 $250,000 Oc) Od) $400,000 $450,000 Leanne has a universal life (UL) insurance policy based on her own life. The policy has a $200,000 death benefit with a rider that doubles her death benefit for accidental death. Leanne's policy also includes a dread disease benefit which is 25% of the death benefit, up to a maximum of $100,000 and covers conditions such as heart attack and stroke. While driving home from work, Leanne suffers a massive heart attack behind the wheel of her car and collides with oncoming traffic. She is rushed to hospital but dies the following day. The autopsy reveals that Leanne survived the heart attack, but died as a result of the car crash. How much would Leanne's beneficiary receive from her insurance pollcy? 13 0 Oa) Ob) $200,000 $250,000 Oc) Od) $400,000 $450,000
Expert Answer:
Related Book For
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
Posted Date:
Students also viewed these corporate finance questions
-
1. Summer has a universal life (UL) insurance policy with a face value of $300,000. The policy has a cash surrender value (CSV) of $30,000 and offers a level death benefit plus account value....
-
1. While driving home from work, Hendrik's car is struck from behind by a van full of drunken college students. Ashman is the driver of the van. The resulting damage to Hendrik's car totals RM7,000....
-
Daniella has a universal life (UL) insurance policy with a face value of $1,000,000. The net cost of pure insurance (NCPI) is $6,000 and Daniella pays annual premiums of $20,000. As a business owner...
-
A gaseous hydrocarbon (containing C and H atoms) in a container of volume 20.2 L at 350 K and 6.63 atm reacts with an excess of oxygen to form 205.1 g of CO2 and 168.0 g of H2 O. What is the...
-
Consider Figure 4.31. Suppose there is another router w, connected to router y and z. The costs of all links are given as follows: c(x, y) = 4, c(x, z) = 50, c(y, w) = 1, e(2, w) = I, c(y, z) = 3....
-
Forecasting with the Parsimonious Method and Estimating Share Value Using the ROPI Model Following are income statements and balance sheets for Cisco Systems. Cisco Systems Consolidated Statements of...
-
A food processor claims that at most \(10 \%\) of her jars of instant coffee contain less coffee than claimed on the label. To test this claim, 16 jars of her instant coffee are randomly selected and...
-
On January 2, 20X8, Primary Corporation acquired 100 percent of Street Companys outstanding common stock. In exchange for Streets stock, Primary issued bonds payable with a par and fair value of...
-
A block placed under the head of the claw hammer as shown greatly facilitates the extraction of the nail. If a 47-lb pull on the handle is required to pull the nail, calculate the tension T in the...
-
Google is considering a project to move a fraction of its workforce out of Silicon Valley to a cheaper, more efficient location. There are two alternatives. Project 1: the initial move costs $45...
-
You want to save $600,000 dollars for retirement in your 401K. Over the next 30 years, How much must you deposit weekly if the annuity is paying 7.35%? What will be your total payments into the...
-
In an open system, newcomers are not welcomed easily, and in a closed system, newcomers have to prove themselves. True False
-
Which of the following are heuristics? I. Rules of thumb. II. Common sense. III. Risk tolerance assessment. IV. Stereotyping. A. I, III. B. II, III, IV. C. I, II, IV. D. III, IV.
-
Which of the following is an example of quantitative data? A. The client would like to retire by age 60. B. The client would like to provide a fully paid education program for his/her child. C. The...
-
Why is NBC terrorism considered to be especially dangerous? How does NBC terrorism affect the psyche of humankind as a whole?
-
Which of the following is not true when referring another service provider to a client? A. Communicate, in writing, the extent to which the member will, or will not, evaluate the work performed by...
-
Objectives Using the information presented in the problem statement, you are to: 1. Solve the linear mass balances for all flow rates F...F- 2. Using the solution to the mass balances, solve the...
-
What is EBIT/eps analysis? What information does it provide managers?
-
Jazmine's car originally sold for $46,600. It depreciates exponentially at a rate of 10.3% per year. Jazmine put $12,000 down and pays $800 per month to pay off the balance. After how many years will...
-
Rob has been approved for a $275,000, 15-year mortgage with an APR of 5.9%. Using the mortgage and interest formulas, set up a table with the above headings and complete the table for the first two...
-
Interpret the quote in the contest of your own home?
-
Describe how partial and circular reasoning can be helpful or harmful in resolving ethical dilemmas.
-
Describe the various legal risks for nurses.
-
Describe the various roles of advanced practice nurses.
Study smarter with the SolutionInn App