Zander applies for a universal life (UL) policy with a death benefit of $300,000 with his...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Zander applies for a universal life (UL) policy with a death benefit of $300,000 with his wife Georgina named as the beneficiary. He works with his agent, Sabrina, to determine how much he will deposit into the policy on a monthly basis. When Zander asks Sabrina about how the deposits for the UL policy will work, which of the following is the CORRECT response that Sabrina should provide Zander? If Zander reduces the face amount of the policy and keeps the deposit the same, the investment account will Oa) accumulate faster. Ob) Oc) Od) The minimum that Zander should deposit should be enough to cover the mortality and administrative costs. Once the initial deposit amount is set, Zander will not be able to change the deposits or face amount of the policy. If the policy becomes maximum-funded, Zander will no longer be allowed to make maximum deposits to the policy. 18 888 Zander applies for a universal life (UL) policy with a death benefit of $300,000 with his wife Georgina named as the beneficiary. He works with his agent, Sabrina, to determine how much he will deposit into the policy on a monthly basis. When Zander asks Sabrina about how the deposits for the UL policy will work, which of the following is the CORRECT response that Sabrina should provide Zander? If Zander reduces the face amount of the policy and keeps the deposit the same, the investment account will Oa) accumulate faster. Ob) Oc) Od) The minimum that Zander should deposit should be enough to cover the mortality and administrative costs. Once the initial deposit amount is set, Zander will not be able to change the deposits or face amount of the policy. If the policy becomes maximum-funded, Zander will no longer be allowed to make maximum deposits to the policy. 18 888
Expert Answer:
Answer rating: 100% (QA)
Correct Answer Option A Explanation Option A is right b... View the full answer
Related Book For
An introduction to management science quantitative approaches to decision making
ISBN: 978-1111532222
13th edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
Posted Date:
Students also viewed these corporate finance questions
-
Which of the following is not correct concerning interferon? a. Interferon is a protective protein. b. Virus-infected cells produce interferon. c. Interferon has no effect on viruses. d. Interferon...
-
Vinton Auto Insurance is trying to decide how much money to keep in liquid assets to cover insurance claims. In the past, the company held some of the premiums it received in interest-bearing...
-
A sample of students were questioned to determine how much they would be willing to pay to see a movie in a theater that served dinner at the seats. The male students responded (in dollars): 10, 15,...
-
If a pure discount three-year bond sells for $782 and a pure discount four-year bond sells for $733, what is the expected 12-month interest rate in three years time? Both have a face value of $1000....
-
Consider the network below. a) Suppose that this network is a datagram network. Show the forwarding table in router A, such that all traffic destined to host H3 is forwarded through interface 3. b)...
-
Question 1 Not yet answered Marked out of 0.50 Flag question Which accounting concept or principle specifically states that we should consider that the business operations will continue indefinitely?...
-
Determine whether the following can be probability distributions of a random variable which can take on only the values \(1,2,3\), and 4 . (a) \(f(1)=0.19, \quad f(2)=0.27, \quad f(3)=0.27\), and...
-
Ancore Company had no trading debt securities prior to this year. It had the following transactions this year involving trading debt securities. Required 1. Prepare journal entries to record these...
-
Please help me as much as you can!! I will take all your effort to solve this problem and will give you a good rate!!! Please show all the calculations in detail! Also, please do not copied and...
-
The proposed rates were not in the range the CEO expected given the pricing analysis. The CEO has asked the pricing actuary to verify the total projected loss cost excluding potential large storm...
-
The ABC Company is a mid-sized company that manufactures goods in the United States and has begun to expand the operation overseas. The company maintains a healthy balance sheet and has reported...
-
Highlight the primary motivation behind non-stranger and stranger child abductions. Where and how are these abductions likely to happen?
-
Explain why some men misconstrue womens verbal and nonverbal communications.
-
Define and provide example of rape myths.
-
Review research findings on juvenile murderers.
-
_______ is a tool to encourage employees of an organization and increase productivity. Transactional analysis Johari window Life position None of the above
-
Research any organization of your choosing. It will be easier if you select a well - known publicly traded company. Prepare a well - written report responding to the following items for the...
-
Identify the tax issues or problems suggested by the following situations. State each issue as a question. Jennifer did not file a tax return for 2007 because she honestly believed that no tax was...
-
FRED® (Federal Reserve Economic Data), a database of more than 3000 U.S. economic time series, contains historical data on foreign exchange rates. The following data show the foreign exchange...
-
What are the advantages of analyzing and experimenting with a model as opposed to a real object or situation?
-
The Seneca Childrens Fund (SCC) is a local charity that runs a summer camp for disadvantaged children. The funds board of directors has been working very hard over recent years to decrease the amount...
-
Determine the probability mass function of \(X\) from the following cumulative distribution function: \[ F(x)=\left\{\begin{array}{lr} 0 & x. \] Figure 3.3 displays a plot of \(F(x)\). From the plot,...
-
Two new product designs are to be compared on the basis of revenue potential. Marketing believes that the revenue from design A can be predicted quite accurately to be \(\$ 3\) million. The revenue...
-
The probability that a wafer contains a large particle of contamination is 0.01. If it is assumed that the wafers are independent, what is the probability that exactly 125 wafers need to be analyzed...
Study smarter with the SolutionInn App