The owner of a whole life policy with an accidental death rider intentionally kills himself after...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The owner of a whole life policy with an accidental death rider intentionally kills himself after having the policy for 18 months. What is the insurance company's course of action? O A. Pay the face amount only because suicide is not an accident B. Deny any payment of death benefit O C. Deny only payment of the face amount but pay the rider since suicide is an accident D. Pay twice the face amount The owner of a whole life policy with an accidental death rider intentionally kills himself after having the policy for 18 months. What is the insurance company's course of action? O A. Pay the face amount only because suicide is not an accident B. Deny any payment of death benefit O C. Deny only payment of the face amount but pay the rider since suicide is an accident D. Pay twice the face amount
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
Hernandez Company began 2010 with a $120,000 balance in retained earnings. During the year, the following events occurred: 1. The company earned net income of $80,000. 2. A material error in net...
-
Find Vo in the network in figure using Thevenin?s theorem. 12/0 v +- jin 2Vx 310 V. 10 -j10
-
Smithton, Inc. established a policy of recording sales at the time it ships merchandise to customers. Some of the merchandise it ships is to consignees. It records the shipments to consignees as...
-
Deterministic decision making using payoffs The agricultural firm of Dewey, Cheatum & Howe grows pineapples in Hawaii. When the pineapples are harvested they are packed twelve to a box and trucked...
-
Suppose you have 10 individuals with values {$1, $2, $3, $4, $5, $6, $7, $8, $9, $10}. Your marginal cost of production is $2.50. What is the profit-maximizing price?
-
Deacon Company is a merchandising company that is preparing a budget for the three - month period ended June 3 0 . The following information is available Budgeting Assumptions: a . 6 0 % of sales are...
-
The onset of the COVID-19 PANDEMIC REPRESENTED WHAT KIND OF PROBLEM FOR MOST ORGANIZATIONS
-
Companies that generate cash surpluses can afford to diversify, but they should return the money to the shareholders, and it is for the shareholders to decide the extent to which they wish to...
-
Examine the case for more government involvement in the setting and enforcing of accounting standards, and in the regulation of auditors.
-
In what ways are the problems of creative accounting being tackled at present?
-
With regard to environmental issues, should accountants be more involved in: a Management accounting-type measurement of costs and impacts; or b External reporting?
-
Select a few companies annual reports and analyse their social and environmental reporting. Assess the value of the reported information.
-
La despesa mensual en bns de consum de les famlies de dos integrants a la ciutat A presenta una distribuci normal amb desviaci estndard igual a 1500 u.m. , mentre que a la poblaci B aquesta despesa s...
-
Find i 0 (t) for t > 0 in the circuit in Fig. 16.72 . 2 + Vo 1 7.5e-2t u(t) V ( +) 4.5[1 u(t)]V 0.5v. 1H
-
Can a family member impair independence? Explain.
-
Would the receipt of a large percentage of total fees from one particular audit client impair the independence of an accountant in public practice? What are the circumstances where this is...
-
Ifan accountant is holding clients monies, under what circumstances may he draw from that account and to what extent?
Study smarter with the SolutionInn App