Renewability and guaranteed insurability are not the same. Explain the difference.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (21 reviews)
Renewability refers to a life insurance policy that may be renewed at a specified date witho...View the full answer
Answered By
Krishnavendra Y
I am a self motivated financial professional knowledgeable in; preparation of financial reports, reconciling and managing accounts, maintaining cash flows, budgets, among other financial reports. I possess strong analytical skills with high attention to detail and accuracy. I am able to act quickly and effectively when dealing with challenging situations. I have the ability to form positive relationships with colleagues and I believe that team work is great key to performance. I always deliver quality, detailed, original (0% plagiarism), well-researched and critically analyzed papers.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Personal Finance An Integrated Planning Approach
ISBN: 978-0136063032
8th edition
Authors: Ralph R Frasca
Question Posted:
Students also viewed these Business Law questions
-
Buffers are not the same as slack. Explain.
-
Explain why the renewability feature makes term insurance more attractive to some buyers.
-
Are guaranteed payments treated as ordinary items or as separately stated items?
-
A standard "35-mm" slide measures 24.0 mm by 36.0 mm. Suppose a slide projector produces a 60.0-cm by 90.0-cm image of the slide on a screen. The focal length of the lens is 12.0 cm. (a) What is the...
-
In Exercises 24,26, and 28, we've tested a hypothesis about whether the use of statistics in NEJM medical articles has changed over time. The table shows the test's residuals. a) Show how the...
-
A sensitive method for I in the presence of Cl and Br entails oxidation of the I to IO3 with Br. The excess Br is then removed by boiling or by reduction with formate ion. The IO3 produced is...
-
Consider a boundary layer with no external pressure gradient (a flat plate). Then, from the Prandtl boundary-layer equation, deduce that \[\mu \frac{d^{2} v_{x}}{d y^{2}}=0 \text { at } y=0\] Now...
-
The medical community unanimously agrees on the health benefits of regular exercise, but are adults listening? During each of the past 15 years, a polling organization has surveyed Americans about...
-
A. (4 pts.) Find the flux through the rectangular loop, in terms of the current I(t). B. (3 pts.) Find the current induced at t = 0 s. C. (3 pts.) Suppose the current was constant (I = 10), but the...
-
Saratoga Ltd. was having difculty in raising nance for expansion. Kingsh Ltd. was interested in achieving economies by marketing a wider range of products. The following shows the nancial positions...
-
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.
-
Suppose you wanted to leave your dependents with enough funds to pay off the home mortgage. Under what conditions would you prefer decreasing term insurance over group mortgage life, and vice versa?
-
Refer to Exercise 8.78. a. The mean duration for a sample of 612 dives was 322 seconds. Find a 99% confidence interval for based on that data. b. Compare the 99% confidence intervals obtained here...
-
What is the Present Value for $15,000 in 30 years at discount rate of 12%? XYZ mutual fund has an average 6% annual rate of return. How much money you could make in 20 years if you invest 80,000 at...
-
You have an interview for a job as a paid intern in the Finance Department of Amazon. You must address the following key topics in the presentation: List the financial statements and discuss how the...
-
Mavericks Cosmetics buys $4,691,301 of product (net of discounts) on terms of 7/10, net 60, and it currently pays on the 10th day and takes discounts. Mavericks plans to expand, and this will require...
-
Carlisle Transport had $4,499 cash at the beginning of the period. During the period, the firm collected $1,750 in receivables, paid $2,154 to supplier, had credit sales of $5,578, and incurred cash...
-
Given the following information, calculate the overall capitalization rate. Sale price: $850,000 Potential Gross Income: $300,000 Vacancy and Collection Losses: $50,000 Operating Expenses: $50,000
-
In 2007, a group of students and faculty from Brigham Young University developed and took to Tonga a process for using coconuts (available in plentiful supply) to produce biodiesel fuel and soap...
-
An Atomic Energy Commission nuclear facility was established in Hanford, Washington, in 1943. Over the years, a significant amount of strontium 90 and cesium 137 leaked into the Columbia River. In a...
-
Which assigned counsel method do you find to be the better method for appointing lawyers?
-
Explain each of the following strategies for reducing current taxes (a) Maximizing deductions (b) Income shifting (c) Tax-Free income (d) Tax-Deferred income.
-
Mary Watson is 24 years old and single, lives in an apartment, and has no dependents. Last year she earned $45,000 as a sales assistant for Focused Business Analytics; $3,910 of her wages was...
-
Debra Ferguson received the following items and amounts of income during 2011. Help her calculate (a) Her gross income (b) That portion (dollar amount) of her income that is tax exempt. Salary...
-
A summary of two stocks is shown. 52W high 52W low Name of Stock Symbol High Low Close 37.18 29.39 Zycodec ZYO 11.76 7.89 Unix Co UNX 39.06 32.73 34.95 16.12 12.11 15.78 Last year, a stockholder...
-
= Suppose f(z) is analytic for |z| < 3. If |(z)| 1, and (i) (1) = 0, what is the maximum value of |f(0)|? For which func- tions is the maximum attained?
-
Determine if the following equations can be solved by separation of variables, and if they are, it solves the problems. 1. 5x7dy+9xy5 = 0 dx 2. -xe +y=0 3. 5xy'-11y = 0 Graph both equations, the...
Study smarter with the SolutionInn App