What is the purpose of property, health, disability, critical illness, long-term care, and life insurance? What is
Question:
What is the purpose of property, health, disability, critical illness, long-term care, and life insurance? What is meant by the term liability?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
Property insurance ensures that any damages to your auto and home are covered and that your personal ...View the full answer
Answered By
Antony Sang
I am a research and academic writer whose work is outstanding. I always have my customer's interests at heart. Time is an important factor in our day to day life so I am always time conscious. Plagiarism has never been my thing whatsoever. I give best Research Papers, Computer science and IT papers, Lab reports, Law, programming, Term papers, English and literature, History, Math, Accounting, Business Studies, Finance, Economics, Business Management, Chemistry, Biology, Physics, Anthropology, Sociology, Psychology, Nutrition, Creative Writing, Health Care, Nursing, and Articles.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
What is the purpose of other-insurance provisions?
-
What is the purpose of disability income insurance?
-
What is the purpose of protective covenants in a term loan agreement?
-
Identify any one non governmental / non-profit organization in Toronto locality. Brief introduction to the organization that includes the following information: Vision/Mission Services / Programs...
-
In problems, the graph of y = f(x) is shown. In each case, decide whether f has an inverse and, if so, estimate f-1(2) (a) (b) (c) (d) (e) -1 x. 2-1 -1 -2 1
-
What equal annual series of payments must be paid into a sinking fund to accumulate the following amounts? (a) $45,000 in 11 years at 8% compounded annually. (b) $35,000 in 18 years at 6% compounded...
-
The plaintiffs, Lee and Yoon, were the parents of H.L., a South Korean citizen who attended high school in Idaho as part of an exchange program. With permission from both plaintiffs and his host...
-
The information that follows is from Manufacturing Companys trial balance. Required 1. Manufacturing organizations use asset accounts that are not needed by retail organizations. a. List the titles...
-
In a random walk suppose that at t = (n - 1)At the particle is located at x = max. The assumption is that at t = nAt the particle will have moved to x = (m+1)Ax with probability 3/4 or to x = (m-3)Ax...
-
During the fourth quarter of 2016, there were seven biweekly paydays on Friday (October 7, 21; November 4, 18; December 2, 16, 30) for Clarke's Roofing. Using the forms supplied on pages 4-58 to...
-
1. What factors should Brad consider in selecting a financial institution 2. If Brads stock doubles in value over the next five years, what annual return, compounded monthly, would he realize? Based...
-
What is the primary function of insurance? How can individuals benefit from insurance?
-
Ekedahl Company has had 4 years of retained earnings. Due to this success, the market price of its 400,000 shares of $3 par value common stock has increased from $12 per share to $51. During this...
-
Box Office Corporation sells tickets for cabaret shows, Broadway shows, concerts and other live performances in Toronto. It packages tickets into a season pass good for ten events and customers can...
-
If the auditor's risk assessment procedures suggest that internal control in the inventor and production cycle is weak, he/she will: a. increase his test of controls. b. increase his substantive...
-
a) You have been asked to value two bonds a corporate bond and a government bond. Both bonds are issued in the same currency and country and have the following details: Government Face Value 1,000...
-
Construct a checklist for dyscalculia which should consist of numeracy, and pre- number concept challenges. QUESTION 2 (8 marks) As a future teacher you have to make major decisions in preparation of...
-
On June 1, 202X, a cell phone expense for $125 was debited to Repair Expense. On June 10, 202X, this error was found. Prepare the corrected journal entry. When would a correcting entry not be needed?
-
A local bank will pay you $100 a year for your lifetime if you deposit $2,500 in the bank today. If you plan to live forever, what interest rate is the bank paying?
-
2. Assume a person bends forward to lift a load "with his back" as shown in Figure P12.42a. The person's spine piv- ots mainly at the fifth lumbar vertebra, with the principal supporting force...
-
1. Prepare a monthly income and expense plan for the Terrels in 2009. 2. On the basis of the plan you have just prepared, discuss the Terrels expected financial situation in 2009. Explain if you...
-
You have helped Marie establish financial goals and prepare a plan for achieving them. A tentative plan requires that Marie save $2,000 annually over the next five years. Since Marie has saved very...
-
1. The Steeles postponed filing their federal return until the last possible date. Was this a wise strategy? 2. How do you find the Steeles marginal tax rate? 3. What tax strategies can you offer the...
-
Shaw Company has the following account balances: Receivables $ 1 0 0 , 0 0 0 Inventory 1 5 0 , 0 0 0 Land 1 0 0 , 0 0 0 Building net 2 5 0 , 0 0 0 Liabilities 1 0 0 , 0 0 0 Common stock 1 0 0 , 0 0 0...
-
Mizan Corporation, a manufacturing company, prepares its financial statements annually. During the last month of the fiscal year, Mizan experiences a significant surge in sales. The sales team closes...
-
A firm uses job - order costing. Current period facts: Actual overhead: $ 1 0 4 , 6 8 8 Applied overhead: $ 1 0 4 , 9 0 5 Budgeted overhead: $ 1 0 8 , 6 9 8 COGS balance ( before closing ) : $ 3 9 0...
Study smarter with the SolutionInn App