We said in our Risk Management and Insurance Planning course that Traditional/Non-Guaranteed Life Insurance could be...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
We said in our Risk Management and Insurance Planning course that Traditional/Non-Guaranteed Life Insurance could be thought of as a combination of Term Life insurance and the Cash Value account feature of Whole Life insurance. Which of the two components provides a death benefit/insurance payout if needed? Term Life component Cash Value account A combination of the Term Life component & Cash Value account None of the above We said in our Risk Management and Insurance Planning course that Traditional/Non-Guaranteed Life Insurance could be thought of as a combination of Term Life insurance and the Cash Value account feature of Whole Life insurance. Which of the two components provides a death benefit/insurance payout if needed? Term Life component Cash Value account A combination of the Term Life component & Cash Value account None of the above
Expert Answer:
Answer rating: 100% (QA)
The detailed answer for the above question is provided below Term L... View the full answer
Related Book For
Managerial Accounting An Introduction to Concepts Methods and Uses
ISBN: 978-0324639766
10th Edition
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
Posted Date:
Students also viewed these accounting questions
-
Suppose the test scores of 75 students in a class follows normal distribution with a standard deviation of 3. The sample mean is 68. What distribution is used in constructing confidence intervals in...
-
You are looking to buy a house that costs $750,000. The bank offers you a mortgage rate of 9% compounded semi-annually over a 30-year period. What is your monthly mortgage payment? Please show your...
-
Drive-Up has sales of $31.4 million, total assets of $27.6 million, and total debt of $14.9 million. The profit margin is 4.5 percent. What is the return on equity? [Hint: NI - Sales x profit margin;...
-
Raner, Harris & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm has two offices-one in Chicago and one in Minneapolis. The firm classifies...
-
Zuzu is a large manufacturer of snack cakes. The company operates distribution centers in Chicago. The distribution center bakes and packages the snack cakes and ships them to grocery warehouses...
-
You will use a CAS to explore the osculating circle at a point P on a plane curve where 0. Use a CAS to perform the following steps: a. Plot the plane curve given in parametric or function form...
-
Design Data sold a piece of machinery to HHB Drafting Company. However, after HHB had taken possession of the machine, it discovered damage and revoked the contract. The court found that the...
-
Hazlett, Inc., operates at capacity and makes plastic combs and hairbrushes. Although the combs and brushes are a matching set, they are sold individually and so the sales mix is not 1: 1. Hazletts...
-
The storied American aerospace company, McDonnell Douglas, designed a wide-bodied airliner in the mid-1980s called the MD-11. Research and development costs, plus other fixed costs related to simply...
-
During 2001, many European markets for mobile phones reached saturation. Because of this, mobile phone operators started to shift their focus from growth and market share to cut-ting costs. One way...
-
how can i describe a value proposition of a sustainable hotel to its customer?
-
Peter is making quarterly contributions of of $300 to his savings account which pays interest at the APR of 8.2%, compounded quarterly. Right after Peter makes his 40th contribution, the bank changes...
-
A manufacturing company pays $16,900 per month for rent and utilities, $47,250 for administrative salaries, $4,300 for insurance costs, and $61,433 for equipment rental. The variable costs are $37...
-
Solve the equation. 5w(5w+12)=-32
-
Each of two independent projects has a probability 0.98 of a loss of $1 million and 0.02 probability of a loss of $10 million What is the 97.5% VaR for each project? What is the 97.5% expected...
-
If f(x)=sin(x), find f'(x).
-
3. The figure shows a stick that can pivot about the dot marked O. 30/ A 450 N Rank the three forces (A, B, C) according to the magnitude of the 1000 N torque they produce, greatest 1.5 m 2 m 1.5m...
-
What is the difference between the straight-line method of depreciation and the written down value method? Which method is more appropriate for reporting earnings?
-
The Symantek Division produces software. It has $300,000 of total assets, earns $45,000 per year, and generates $45,000 per year of cash flow. The cost of capital is 15 percent. Each year, Symantek...
-
Scott Company expects to sell 10 million cases of paper towels during the current year. Budgeted costs per case are $24 for direct materials, $18 for direct labor, and $6 (all variable) for...
-
Assume a margin of error of plus or minus 10 percent in estimating any number required as an input for a capital budgeting decision. Under ordinary conditions, the net present value of a project is...
-
Let \(\left(B_{t} ight)_{t \geqslant 0}\) be a \(\mathrm{BM}^{1}\) and \(b(x), \sigma(x)\) autonomous and globally Lipschitz continuous coefficients. We have seen in Corollary 21.24 that the solution...
-
The linear growth of the coefficients is essential for Corollary 21.31. a) Consider the case where \(d=n=1, b(x)=-e^{x}\) and \(\sigma(x)=0\). Find the solution of this deterministic ODE and compare...
-
Let \((A, \mathfrak{D}(A))\) be the generator of a diffusion process in the sense of Definition 23.1 and denote by \(a, b\) the diffusion and drift coefficients. Show that \(a \in...
Study smarter with the SolutionInn App