Maxine meets with Bolin, an insurance agent. Maxine is in the process of purchasing a home...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Maxine meets with Bolin, an insurance agent. Maxine is in the process of purchasing a home and requires insurance. However, she can't decide which type of policy is best for her. The financial institution where she has her mortgage is encouraging her to purchase creditor life insurance. She is also eligible to enrol in her group life insurance plan through her employer. She also wants to consider purchasing an individual life policy. When Maxine asks Bolin to explain the difference between the three options, which of the following answers is CORRECT? 29 dan Oa) With creditor insurance, Maxine can designate her husband or another family member as beneficiary. Ob) With creditor insurance, a claim could be denied as a result of underwriting that is done after the life insured dies. Oc) With group insurance, base coverage rates would be affected only by smoker or non-smoker status. Od) With group insurance, base coverage rates would be affected only by age and sex, Maxine meets with Bolin, an insurance agent. Maxine is in the process of purchasing a home and requires insurance. However, she can't decide which type of policy is best for her. The financial institution where she has her mortgage is encouraging her to purchase creditor life insurance. She is also eligible to enrol in her group life insurance plan through her employer. She also wants to consider purchasing an individual life policy. When Maxine asks Bolin to explain the difference between the three options, which of the following answers is CORRECT? 29 dan Oa) With creditor insurance, Maxine can designate her husband or another family member as beneficiary. Ob) With creditor insurance, a claim could be denied as a result of underwriting that is done after the life insured dies. Oc) With group insurance, base coverage rates would be affected only by smoker or non-smoker status. Od) With group insurance, base coverage rates would be affected only by age and sex,
Expert Answer:
Answer rating: 100% (QA)
a INCOREECT AS ONLY COMPANY WHIOH HAS GIVEN LOAN CAN BE DESIGANTED AS BENEFIC... View the full answer
Related Book For
Accounting Information Systems Controls and Processes
ISBN: 978-1119329565
3rd edition
Authors: Leslie Turner, Andrea Weickgenannt, Mary Kay Copeland
Posted Date:
Students also viewed these corporate finance questions
-
The Hines Corporation is in the process of closing its books for the year. The company has been growing at an unexpected rate. The chief accountant at the Hines Corporation is currently determining...
-
The nick lumber company is in the process of deciding whether to sell or process further rough sawn lumber, the joint cost of producing the rough sawn lumber is $10,500, the following data is...
-
The Environmental Protection Agency (EPA) is in the process of investigating a possible water contamination issue at the manufacturing facility of Northwest ForestProducts. The EPA has not yet...
-
Company D is a merchandiser of MLB Hats. One of their biggest customers calls Company D and expresses concerns over their ability to pay the $20,000 owed to Company D. Company D agrees to covert the...
-
Consider a virtual-circuit network. Suppose the VC number is a 8-bit field. a) What is the maximum number of virtual circuits that can be carried over a link? b) Suppose a central node determines...
-
What is the average number of bookings for each hotel in August?
-
A construction engineer has to inspect 5 construction sites in a 2-day inspection schedule. He may or may not be able to visit these sites in two days. He will not visit any site more than once. (a)...
-
Sams Company reported the following stockholders equity account balances on December 31, 2011. Preferred stock (12%, $100 par value, call price is $105)... $100,000 Common stock, $10 par...
-
How might advancements in technology and globalization reshape the landscape of empowerment, and what ethical considerations arise in the pursuit of digital empowerment initiatives ?
-
The Sports and Co-curriculum Department of Pejabat Pelajaran Negeri Pahang is responsible in managing pupils across the state of Pahang who are talented in sports to bring them forward to compete in...
-
Mandy Manufacturing purchased a machine on August 1, 2014, and it was installed and ready to run on January 1, 2015. The following costs were incurred in the purchase and installation of the machine....
-
Outline how some of the key principles of lean can be applied in a services context.
-
Refreezing means that what has been learned is integrated into actual practice. True False
-
Outline the various scenarios in which we can use combined logistics strategies.
-
Robin and Christopher Bird want to purchase an intermediate term bond. How much should the Birds pay for a bond ($1,000 par value) with a 2 percent annual coupon that matures in five years if...
-
How does the supply chain differ from the value chain?
-
Problem. The flash point of a liquid mixture can be estimated by finding the temperature at which the equilibrium concentration of the flammable vapors in air reaches a concentration such that yi LFL...
-
Interview managers at three companies in your area about their use of ERP. How have their experiences been similar? What accounts for the similarities and differences?
-
What does section 404 of the SarbanesOxley Act require of management regarding internal control systems?
-
Visit the AICPA website at www.aicpa.org and select the tab for Career Paths. Click on This Way to CPA to locate information on audit careers.
-
Holsten Company is considering a business process reengineering (BPR) project whereby its current (mostly manual) expenditures processing would be converted to an automated system. Brainstorm ideas...
-
Consider heat transfer over a flat plate again but now include an additional term due to viscous heating. Show that the similarity method is applicable to this problem as well, and derive the...
-
For the similarity solution, what are the boundary conditions for the constant-wall-flux case? Show that a complete similarity does not exist for this case. Also show the condition for the case where...
-
Integral balances can also be used for heat transfer in a turbulent-flow boundary layer if a form for the velocity profile is assumed. A common form is the 1/7th-power law:...
Practical Statistics For Geographers And Earth Scientists 1st Edition - ISBN: 0470849150 - Free Book
Study smarter with the SolutionInn App