Describe the advantages and disadvantages of buying term insurance and investing the difference.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 91% (12 reviews)
Argument in favor of the advice If the insured can save regularly inves...View the full answer
Answered By
Robert Mwendwa Nzinga
I am a professional accountant with diverse skills in different fields. I am a great academic writer and article writer. I also possess skills in website development and app development. I have over the years amassed skills in project writing, business planning, human resource administration and tutoring in all business related courses.
4.90+
187+ Reviews
378+ Question Solved
Related Book For
Introduction to Risk Management and Insurance
ISBN: 978-0131394124
10th edition
Authors: Mark S. Dorfman, David Cather
Question Posted:
Students also viewed these Corporate Finance questions
-
Describe the advantages and disadvantages of Wal-Marts aggressive union prevention efforts.
-
Describe the advantages and disadvantages of teams. In what situations might the disadvantages outweigh the advantages?
-
Describe the advantages and disadvantages of using a high level of job specialization.
-
Suppose you own an outdoor recreation company and you want to purchase all-terrain vehicles (ATVs) for your summer business and snowmobiles for your winter business. Your budget for new vehicles this...
-
A process produces cable for the local telephone company. When the process is operating correctly, cable diameter follows a normal distribution with mean 1.6 inches and standard deviation 0.05 inch....
-
Suppose that on the average a certain store serves 15 customers per hour. What is the probability that the store will serve more than 20 customers in a particular two-hour period?
-
In each of the following situations, indicate the statistical analysis you would conduct and the appropriate test or test statistic that should be used. a. Respondents in a survey of 1,000 households...
-
The following balance sheet for the Hubbard Corporation was prepared by the company: Additional information: 1. The buildings, land, and machinery are all stated at cost except for a parcel of land...
-
Using a discount rate of 4.5% compounded annually, a pension fund estimates that the present value of its assets and liabilities are $14 million and $13 million, respectively. The duration of the...
-
What is a balanced scorecard? What is its primary objective?
-
Describe some family circumstances where a consumer might logically choose to purchase a universal or variable life insurance policy.
-
Why does a whole life insurance policy require a larger premium than a term insurance policy?
-
Jackson and Richard formed a partnership on 1 July 2025, agreeing to share profits and losses in the ratio of 2:1. Jackson contributed \($30\) 000 in cash and land with a fair value of \($180\) 000....
-
A conversion of a face value $1 million convertible bond for $1 million of common stock would most likely be: A. reported as a $1 million investing cash inflow and outflow. B. reported as a $1...
-
An analyst gathered the following information from a companys 2010 financial statements (in $ millions): In 2010, the company declared and paid cash dividends of $10 million and recorded depreciation...
-
An analyst has calculated a ratio using as the numerator the sum of operating cash flow, interest, and taxes and as the denominator the amount of interest. What is this ratio, what does it measure,...
-
Under IFRS, a loss from the destruction of property in a fire would most likely be classified as: A. an extraordinary item. B. continuing operations. C. discontinued operations.
-
The three major classifications of activities in a cash flow statement are: A. inflows, outflows, and net flows. B. operating, investing, and financing. C. revenues, expenses, and net income.
-
Write an iterated integral for R dA over the described region R using (a) Vertical cross-sections, (b) Horizontal cross-sections. Bounded by y = 0, x = 0, y = 1, and y = ln x
-
Suppose you are comparing just two means. Among the possible statistics you could use is the difference in means, the MAD, or the max min (the difference between the largest mean and the smallest...
-
What is a consumer-directed health plan (CDHP)?
-
Richard, age 40, is the owner of Auto Repair, Inc. In addition to Richard, the company has five employees. Richard wants to establish a retirement plan for his employees. He is considering two plans:...
-
Qualified retirement plans must meet certain requirements to receive favorable federal income-tax treatment. Briefly explain each of the following: a. Minimum age and service requirements b. Vesting...
-
How do change interventions leverage advanced methodologies such as appreciative inquiry, design thinking, and complexity science to foster a holistic understanding of change dynamics, unlock latent...
-
what extent do change interventions leverage digital technologies, data analytics, and artificial intelligence to enhance change effectiveness, monitor change progress, and facilitate real-time...
-
Consider a project that requires spending of $15,000 immediately and generates $6,000 per year for the next 4 years (assume each $6,000 comes at the end of each year).What is the NPV of this project?...
Study smarter with the SolutionInn App