Aaron (25) and Henryk (50) started their job at Broadstreet Candy Makers on the same day They are both considered skilled Chocolatiers and they have the same position and pay Both men are non smokers and in good health when they apply for disability insurance Assuming that they both complete their ...

ANSWER rn is likely t y lwer remium beuse the likelihd f disbility urring dereses with ge Disbility Insurne ften lled DI r disbility inme insurne r in ...

Aaron (25) and Henryk (50) started their job at Broadstreet Candy Makers on the same day. They

Fantastic news! We've Found the answer you've been seeking!

Question:

Aaron (25) and Henryk (50) started their job at Broadstreet Candy Makers on the same day. They are both considered skilled Chocolatiers and they have the same position and pay. Both men are non-smokers and in good health when they apply for disability insurance. Assuming that they both complete their applications for disability insurance today, which of the following is a correct statement in respect of their applications for disability insurance?
a)		Henryk is likely to pay a higher premium because he is more probable of becoming totally disabled for a longer period than Aaron.
b)		Aaron is likely to pay a higher premium because the duration of a disability claim generally decreases with age.
c)		Aaron is likely to pay a lower premium because the likelihood of disability occurring decreases with age.
d)		Henryk is likely to pay a lower premium because he is less probable of becoming totally disabled for a longer period than Aaron.

Posted Date: Nov 10, 2021 04:34 PM

See More Questions

Which of the following is a generally accepted attestation standard but is not a fundamental auditing principle? a. Appropriate competence and capability. b. Adequate knowledge of the subject matter....
Which of the following is a preventive control? a. Reconciliation of a bank account. b. Recalculation of a sample of payroll entries by internal auditors. c. Separation of duties between the payroll...
Which of the following is a continuous random variable? a. Number of Honda Civics sold in a given day at a car dealership. b. Amount of gasoline used for a 200-mile trip in a Honda Civic. c. Distance...
The Peel Trading Company received an invoice dated Oct 2, 2021, for $9,230.00 less 25% and 15%, terms 5/10, 2/30, n/60.______ a) What is the invoice amount? b) What are the last days of the two...
Recall that for the same sample size the smaller the probability of a Type I error, , the larger the P(Type II error). Lets check this for Example 13. There we found P(Type II error) for testing H0:...
A variable that assumes an optimal value between its lower and upper bounds has a reduced cost value of zero. Why must this be true? (What if such a variables reduced cost value is not zero? What...
a deontological philosopher, stated in An Exposition of The Fundamental Principles of Jurisprudence as the Science of Right that Judicial Punishment can never be administered merely as a means for...
Two items are omitted from each of the following summaries of balance sheet and income statement data for two proprietorships for the year 2012, Gavin??s Goods and Floyd...
Fluorine Limited (FL), a manufacturer of ships, has entered into the following contracts during the year ended 31 December 2022: (i) On 1 January 2022, FL entered into a contract with Alpha Limited...
XYZ is a calendar-year corporation that began business on January 1, 2020. For the year, it reported the following information in its current-year audited income statement. Notes with important tax...
You, as the network admin, console into a switch via the IP address and configure a port with a specific VLAN for a printer. You add the VLAN to the port as an untagged port or access port on the...
(a) Figure 1 shows two points A and B with a straight line drawn through them. A 6 -5 -4 -3 -2 -1 Y 6 5 4 3 2 whe 0 -1 -2 -3 -4 -5 Lov 2 3 4 5 B Figure 1 (i) Write down the coordinates of the points...
An object with a mass of 0 , 2 kg rests on a frictionless air table due to a spring force constant k = 5 N / m we pull the mass so that it extends the spring by 0 , 1 m and release it freely at the...
3. A truck has four identical springs that support its weight: one for each tire. When a boulder with a mass of m= 950 kg is placed in the bed of the truck, the springs compress by a distance of 7.1...
In a casino, you play the following game: You choose a number between 1 and 6 and then throw 3 fair six-sided dice. After tossing, for each die showing your chosen number, the casino pays you $1. In...
On her way home from the school board meeting, Kelly fills up her car. She likes the idea of using gasoline with ethanol, but thinks her car can only handle 50% ethanol. At the gas station, she can...
1. It might also be a good idea to know some things about the current situation in Ukraine. Please explain and evaluate the concepts of Standardisation and Adaptation, the circumstances under which...
Keating & Partners is a law firm specializing in labour relations and employee-related work. It employs 25 professionals (5 partners and 20 managers) who work directly with its clients. The average...
Which of the following will not be reported in the statement of cash flows? a. The net change in plant assets during the year. b. Cash payments for plant assets during the year. c. Cash receipts from...
Travis Mordica asks, Since share dividends dont change anything, why declare them? What is your answer to Travis?
The following equity accounts are in the ledger of Eudaley Group at December 31, 2025. Instructions Prepare the equity section of the statement of financial position at December 31, 2025. Share...

Aaron (25) and Henryk (50) started their job at Broadstreet Candy Makers on the same day. They

Question:

Expert Answer:

ANSWER rn is likely t y lwer remium beuse the likelihd f disbility urring dereses with ge Disbility Insurne ften lled DI r disbility inme insurne r in... View the full answer

Students also viewed these finance questions