Explain the purpose of life insurance in an estate plan.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
Life insurance proceeds are used to supply liquidity or cash to an ...View the full answer
Answered By
Muhammad Ghyas Asif
It is my obligation to present efficient services to my clients by providing a work of quality, unique, competent and relevant. I hope you have confidence in me and assign me the order and i promise to follow all the instructions and keep time.
4.60+
109+ Reviews
203+ 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
-
One life insurance expert suggests that people should never buy participating life insurance, because the purpose of life insurance is to reduce risk, not to increase it. Discuss.
-
What is the purpose of life insurance? Do you think everyone needs life insurance? Explain.
-
What is the purpose of life insurance? Define the terms face amount, beneficiary, life insured, and policy owner.
-
What are the four key building blocks of financial statement analysis? a. Liquidity and efficiency, solvency, profitability, and market b. Liquidity and efficiency, solvency, profitability, and...
-
Test the hypotheses H0: Px Py = 0 H1: Px Py < 0 using the following statistics from random samples. a. p`x = 0.42, nx = 500; p`y = 0.50, ny = 600 b. p`x = 0.60, nx = 500; p`y = 0.64, ny = 600 c....
-
Zelo, Inc. stock has a beta of 1.23. The risk-free rate of return is 4.5% and the market rate of return is 10%. What is the amount of the risk premium on Zelo stock? A. 4.47% B. 5.50% C. 5.54% D....
-
Indicate the specific internal accounting control objectives and a proper departmental assignment of duties for the first four functions involved in executing purchase transactions.
-
The defroster of an automobile functions by discharging warm air on the inner surface of the windshield. To prevent condensation of water vapor on the surface, the temperature of the air and the...
-
In this youtube video ( https://www.youtube.com/watch?v=-_2mj1pwveo ) by David Kwong, He points out that for a magician to be successful they have to control the environment and everything they are...
-
McLennon Company had an Accounts Receivable balance of $320,000 and a credit balance in Allowance for Uncollectible Accounts of $16,700 at January 1, 2014. During the year, the company recorded the...
-
Describe a second-to-die life insurance policy. What purpose does it serve?
-
Define the term split-dollar life insurance.
-
An accountant prepared the following post-closing trial balance: Prepare a corrected post-closing trial balance. Assume that all accounts have normal balances and that the amounts shown arecorrect....
-
Define a non-controllable cost.
-
What are the costs of holding inventory?
-
Outstanding tale of an Irish immigrant trying to make her way in 1950s Brooklyn. Identify and analyze the rules that operate both interpersonally and in groups. What impact do these rules have on...
-
Should you always exhibit commitment to the group, or are there exceptions? Explain.
-
Is hazing ever an acceptable initiation process for newcomers?
-
Identify the degree and leading coefficient of the polynomial. 9y + y + 5
-
Dan and Diana file a joint return. Dan earned $31,000 during the year before losing his job. Diana received Social Security benefits of $5,000. a. Determine the taxable portion of the Social Security...
-
Todd, age 40, is considering the purchase of a $100,000 participating ordinary life insurance policy. The annual premium is $2280. Projected dividends over the first 20 years are $15,624. The cash...
-
John, age 52, is overweight, smokes, and had a mild heart attack five years ago. Ignoring the advice of his physician, he refuses to exercise, lose weight, and quit smoking. John owns a $25,000...
-
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...
-
Your brother-in-law borrowed $2,000 from you 4 years ago and then disappeared. Yesterday he returned and expressed a desire to pay back the loan, including the interest accrued. Assuming that you had...
-
Billy Goat purchased a convertible bond for $1060 with a par value of $1000. The bond's conversion price is $25 a share and shares of common stock are currently selling for $23 a share. What is the...
-
2. New client appointments must be canceled within 48 business hours of the scheduled appointment time. Existing client appointments must be canceled within 24 business hours of the scheduled...
Study smarter with the SolutionInn App