17. Nicole, a single mother of three children, purchased a $200,000 whole life insurance policy. She...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
17. Nicole, a single mother of three children, purchased a $200,000 whole life insurance policy. She would also like to take out life insurance coverage for each child until age 20, after which she would like them to continue their coverage. What is the best way for Nicole to achieve her objective? 0 0 Purchase renewable term life insurance for each child without an increase in premiums. 0 Add a child coverage rider to her policy with the option of converting the coverage to individual permanent life insurance, without proof of insurability. Add a term life insurance rider to her policy. O Add a paid-up additions rider to her policy. 17. Nicole, a single mother of three children, purchased a $200,000 whole life insurance policy. She would also like to take out life insurance coverage for each child until age 20, after which she would like them to continue their coverage. What is the best way for Nicole to achieve her objective? 0 0 Purchase renewable term life insurance for each child without an increase in premiums. 0 Add a child coverage rider to her policy with the option of converting the coverage to individual permanent life insurance, without proof of insurability. Add a term life insurance rider to her policy. O Add a paid-up additions rider to her policy.
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
At Acme Corp., the firm's senior managers approach marketing implementation with the belief that marketing strategy should be developed at the top of the organization and then transmitted to lower...
-
Describe the role of free trade zones (FTZs) in global logistics.
-
In your own words, explain the advantages and disadvantages of DB and DC pension plans.
-
The following balance sheet and income statement data were taken from the financial records of The Arcadia Company. Required Prepare an indirect method statement of cash flow for The Arcadia Company...
-
Arkansas Sales Consultants completed the following transactions during the latter part of January: Jan. 22 Performed services for customers on account, $9,000. 30 Received cash on account from...
-
Suppose that a firm reviews and replenishes its inventory once a week (with a week being 5 working days). Daily demand follows the normal distribution with the mean 100 units and s.t.d. 20 units....
-
In this problem, we consider splitting when building a regression tree in the CART algorithm. We assume that there is a feature vector X RP and dependent variable Ye R. We have collected a training...
-
4x - 36 2-3x+3 1. Using the practical rules for computing limits, find lim [2.5] 2. Use the e-8 definition of limits to verify that your answer to question 1 is correct. [2.5]
-
What does the "Q" statistic tell you in a meta-analysis? In the EMA study by Wang and colleagues, there was a weak effect of alcohol use on partner aggression. Why was this the case?
-
Instructions for Problems 1-3 (10 points each, grading is based on accuracy) Create a set of 3NF normalized relations (or tables) given the sample data/form below. Do not draw a dependency diagram;...
-
2. Based on the Howe roof truss illustrated below, a) draw the free body diagram of the structure. b) calculate the force CD. c) determine the force in member DJ of the structure. 10 kN L 10 kN R KI...
-
A new company issues $30 Million Dollars of 12-year bonds bearing a 9.5% Coupon. If the market demands a 7.0% rate of return for the risk it believes it is taking, how much will the company receive...
-
A company decides to borrow $100 000 at j1 = 12% in order to finance a new equipment purchase. One of the conditions of the loan is that the company must make annual payments into a sinking fund (the...
-
(a) Find the equation of the tangent line to f(x) = x 3 at the point where x = 2. (b) Graph the tangent line and the function on the same axes. If the tangent line is used to estimate values of the...
-
What level of financial acumen is adequate for a board member? Why?
-
What questions should the board ask when determining adequate operational reserves for the organization?
-
Discuss effective ways to increase the board s capacity to deal with complicated financial issues.
Study smarter with the SolutionInn App