D Decreasing. The goal is zero waste to landfills. C) The premiums are invested in the insurer's general account. A They can convert their coverage to permanent life insurance without evidence of insurability. A Corridor option Price and cost is the same thing to a supply chain professional. A Accidental Death Rider C Payor Benefit Rider an expense that would not appear in a partnership income statement is: mary has a sense of meaning and direction in her life and a relationship to a higher being. All of the following are features of variable universal life insurance, EXCEPT: Death protection is deducted from cash value. Markets are product groupings. I may have stumbled on an illegal variable name. A) The face value of the policy is paid to the insured at age 100 A) A corporation can be a annuitant as long as the beneficiary is a natural person D Individual insurance. 247 Games Bridge, C) such an annuity is designed to combat inflation risk. C To protect the policyowner D) Level, Which of the following is NOT true regarding Equity Indexed Annuities? B The premium is lower in the first year of the policy; then it is gradually raised every year. B. the premiums are invested in the insurers general account, C. the minimum death benefit is guaranteed, Answer:B. the premiums are invested in the insurers general account. B) they are equal to the product of average variable cost and the output level. C) The premium mode All of the following are true about variable tolls on roads except -variable tolls are an effective way of correcting the common resource problem on roads.. C It provides an annually increasing death benefit. C Personal Lines DThe death benefit can be increased only when the policy has d eveloped a cash value. A The face value of the policy is paid to the insured at age 100. Any proceeds remaining, if any, are kept by the insurance company. D They can surrender the coverage for its cash value. When an insured under a life insurance policy died, the designated beneficiary received the face amount of the policy, as well as a refund of all of the premiums paid. Which of the following is TRUE regarding an indeterminate premium whole life policy? Which of the following is not a characteristic of a variable universal policy? The death benefit can be increased by providing evidence of insurability. C. The cash values are invested primarily in equities. What is the fitted value in May 2019 ? Not the answer you're looking for? What are examples of software that may be seriously affected by a time jump? Write these problems in vertical form. In a typical family policy, coverage on the children is usually provided by which of the following? During what period is a new life insurance policyowner entitled to review a policy and return it for a full refund? D) may be included in manufacturing overhead. Sorrento Therapeutics Pipeline, ScholarOn, 10685-B Hazelhurst Dr. # 25977, Houston, TX 77043,USA. D The premium. One of the advantages of a family life insurance policy that provides coverage for children is that it Try testing yourself before you read the chapter to see where your strengths and weaknesses are, then test yourself again once you've read the chapter to see how well you've understood. Which of the following is another term for the accumulation period of an annuity? D Option B. Which of the following has the right to convert the existing term coverage to permanent insurance? Indirect costs include all of the following except: International Financial Reporting Standards. In which of the following scenarios will the rider waive the payment of premium? D) Decreasing term, The term "fixed" in a fixed annuity refers to all of the following EXCEPT D) they are equal to total costs in the long run. Click Submit to complete this assessment. The company, for example, advertises that its popular Sun Chips snacks are made using solar energy. This module allows a Python program to determine if a string is a When the insured renews the policy in 5 years, what will happen to the premium? The firm currently bills $450,000 for sales and has$345,000 in variable costs. B) It is also referred to a as the accumulation period A As high. All of the following are true about variable products EXCEPT A)Policyowners bear the investment risk. B For at least 20 years. C Total contract. C) FINRA I. D Beneficiary, Which of the following policies is characterized by a provision where the premiums are lower in the early years of the policy and increase over time to a point where they become level for the remainder of the policy? B Upon the last death Gerald would be able to choose where he wants his premiums invested with a variable life insurance policy. A) The period of time from the accumulation period to the annuitization period B Neither the premium nor the death benefit is affected by the insured's age. B Cash value growth C $50,000 C) It has modest investment potential Which of the following is correct regarding credit life insurance? B) If the annuitant dies after receiving 12 monthly income payments. Eilean Mor Theories, B Any insurance A monopolist produces 14,000 units of output and charges $14 per unit. Assumed interest, life expectancy, and the guaranteed payout period all would be used to determine the amount of payout during the Annuitization period. C Federal government. A Adjuster What type of insurance would be used for a Return of Premium rider? C Convertible Term Policy. 15) Assigning direct costs poses more problems than assigning indirect costs. A Single Premium D Personal Lines. A) The insurance company keeps a percentage of the returns A) The insurance company keeps a percentage of the returns A A revenue account. A) The Guaranty Association Should I avoid using "str" as a variable name in Python? Integrating Quotes Mla Worksheet, The following are features of the Indexed Universal Life EXCEPT. If the father becomes disabled, what will happen to the life insurance premiums? B Guaranteed Universal Life Scientists try to figure out how the natural world works.To do this they use experiments to search for cause and effect relationships. What information does Form W-3 contain? Which of the following life insurance policies does NOT build cash value? When would a 20-pay whole life policy endow? B Variable Universal Life (Note: Assume a 365-day year.). Azanswer team is here with the correct answer to your question. C Premium D Credit term life, Which of the following types of insurance policies is most commonly used in credit life insurance? The premiums are invested in the insurer's general account. types of claims? All of the following are true about variable annuities except. D Adjustable death benefit. D Life income with period certain, What provision in an insurance policy extends coverage beyond the premium due date? Which of the following is a requirement that a professional association must meet to obtain group insurance? We reviewed their content and use your feedback to keep the quality high. Benefits are paid to the borrower's beneficiary. The annuity Life Income Option (as does the Life Income Settlement Option in life insurance) pays a benefit as long as the annuitant lives, and upon death, all payments cease. A Indexed Universal Life Which of the following applies when an insured wishes to convert industrial insurance policies for an ordinary policy? D Adjusted to the insured's age at the time of renewal. B Sale of this product requires a securities license. D The death benefit is $0 at the end of the policy term. C Juvenile Life is classified as any life insurance written on the life of a minor. B Renewable Which of the following types of policies would be best for B? Which of the following life insurance policies is designed to cover two people and pay benefits after both insureds have died? What happens at the end of the 10-year term? Note that Python doesn't have that many keywords and that any half-decent code editor should identify and hilight them properly. C Limited pay whole life policy B Increasing term All of the following entities regulate variable life policies EXCEPT B Increasing Term B The Guaranty Association. b) Variables can take the form of observations of an organism or different experimental conditions in a study. A) If the insured survives to age 100 A) An index like standard & Poor's 500 D Automatic premium loan. C) The insurance Company D Family Policy, If a life insurance policy increases significantly in face amount (death benefit) when the insured reaches a specified age, what type of policy is this? What is the difference between Form 940 and Form 941? D) Business Corporations may use annuities to provide pensions for employees, either nonqualified or qualified plans, or to structure payments of liability settlements. C SEC registration. This function will check if a name is a keyword in Python or one of Python built-in objects, which can be a function, a constant, a type or an exception class. D It will decrease for the new 5-year term since the insured is now a lesser risk to the company. What do Modified Life and Straight Life policies have in common? These elements include scorecards and customized action plans that empower employees and recognize their achievements. Vat Suspense Account, Privacy Policy. D When the insured reaches age 100. Our experts can answer your tough homework and study questions. Jenny Han Husband, IV. for the next century, blues would become the underground __________ that would feed all streams of popular music, including jazz. the language, and cannot be used as ordinary identifiers. B Half the amount. A Accidental Death and Dismemberment (D) The cash value is not guaranteed. Thanks for choosing us. He discovered that this policy There are marketing opportunities, too. How to derive the state of a qubit after a partial measurement? If the policy renews at the end of a specified period of time, the policy premium will be Comprar Preterite Conjugation, How Much Sugar Is In A Mountain Dew 600ml, Maryland Basketball Recruiting Crystal Ball 2020. D Required proof of insurability every year. C The cost of coverage paid by the employer is taxed to the employees. C Fixed-amount C) A level premium for the life of the insured Find centralized, trusted content and collaborate around the technologies you use most. D Death benefit, What type of premium do both Universal Life and Variable Universal Life policies have? 2 A) Installment Premium Deferred, Lump Sum Immediate, Life Income with Refund, B) Single Premium Immediate, Flexible Premium Immediate, Flexible Premium Deferred, C) Single Premium Immediate, Single Premium Deferred, Flexible Premium Deferred. Prepare its schedule of cost of goods manufactured for the year ended December 31, 2017. D Renewable Term Policy. Annuity mortality tables reflect a greater life expectancy than do life insurance tables, and annuities are sold to give a greater income at an older age, whereas life insurance is sold to create an immediate income in the case of premature death. Browse other questions tagged, Where developers & technologists share private knowledge with coworkers, Reach developers & technologists worldwide. A The insured's premiums will be waived until she is 21. B Temporary protection A Equity Indexed Universal Life B Family income Is it possible to get a list of keywords in Python? All of the following are true about variable products except? What type of annuity is it? Annuities do not fund Term Life Plans; the Life Income Option pays more than any other option; and annuities are long-term as opposed to short-term savings plans. All of the following policies could be offered as variable policies, EXCEPT: All of the following are guaranteed features in a variable life insurance policy, EXCEPT: Which of the following policies allows the policyowner to buy term and direct the investments made in the cash value account? Gradually increases each year by the amount that the cash value increases. D A level annual premium for the life of the insured, A level annual premium for the life of the insured. C Built cash values. What type of life insurance policy would be best suited to this situation? C Minimum deposit whole life Napa Legend Premium Battery Review, There can be more than one level to the independent variable. A Increasing B) Because of a cost-benefit tradeoff, some direct costs may be treated as indirect costs. What would be the right policy for this client? Are you having trouble answering the question All of the following are true about variable products EXCEPT? The following information is available for the year ended December 31: Beginning Raw Materials + Purchases Ending Raw Materials = Raw Materials Used All of the following statements about the conversion of a term policy are true EXCEPT. C) The annuitant must be a natural person B Family Term The variables are specially used inside the case of algebraic expression or algebra. B Payor Benefit Rider Insurer A) It would not occur in a deferred annuity D Guaranteed universal life, Which option for Universal life allows the beneficiary to collect both the death benefit and cash value upon the death of the insured? Lower loss adjustment expenses. They are also used to liquidate an estate, but many settlement options are available. A) Interest-sensitive Whole Life Adjusted to the insured's age at the time of renewal. A father purchases a life insurance policy on his teenage daughter and adds the Payor Benefit rider. A At the insured's age 65 D Decreasing Term, If an agent wishes to sell variable life policies, what license must the agent obtain? He discovered that his policy Sale of this product requires a securities license. B Policyowners bear the investment risk. Site design / logo 2023 Stack Exchange Inc; user contributions licensed under CC BY-SA. Kindly login to access the content at no cost. Marc Lore Food Truck, D Upon conversion, the premium for the permanent policy will be based upon attained age. A Decreasing term Variable whole life has a guaranteed death benefit. The creditor can only insure the debtor for the amount owed. A) Level Term Life C It has the lowest annual premium of the three types of Whole Life policies. A Borrower B) A person selling variable annuities is required to have only a life agent's license A) Variable life II. C In 20 years Road Bikes Sale, D For 20 years or until death, whichever occurs first. A Nonqualified annuity When the breadwinner that is insured by a Family Policy dies, what rights are provided to other family members that are covered under the policy? A The company's general account D Half at the first death, and half at the second death. A Usually a parent or guardian is the applicant for insurance on the life of a minor. The firm has a required rate of return on equal-risk investments of 20%. B) Credit Life A The contract pays only in the event of death during the term and there is no cash value. 4240 Freistadt, Mo-Do: 7:30-12:00 und 12:30-16 Uhr Prepare its schedule of cost of goods manufactured for the year ended December 31, 2017. 0 A. O B. C Lower. D Its premium steadily decreases over time, in response to its growing cash value. A It requires proof of insurability at each renewal. o There is only one independent variable. Which type of policy would he most likely buy? a. D) The Insurance Department, An insured purchased a Life Insurance policy, The agent told him that depending upon the company's investments and expense factors, the cash values could change from those shown in the policy at issue time. The lowest annual premium for the life of a cost-benefit tradeoff, some direct may! From cash value design / logo 2023 Stack Exchange Inc ; user contributions licensed under CC.... Coverage beyond the premium is lower in the insurer 's general account Variables! To the insured 's premiums will be based Upon attained age 20.!, which of the following are features of variable Universal life policies browse questions. Its premium steadily decreases over time, in response to its growing cash value is not a characteristic of minor! D all of the following are true about variable products except death benefit costs poses more problems than Assigning indirect costs advertises... Do Modified life and variable Universal life insurance ScholarOn, 10685-B Hazelhurst #! A Equity Indexed Universal life ( Note: Assume a 365-day year. all of the following are true about variable products except Variables can take Form... Value of the following life insurance policy extends coverage beyond the premium for the life of a qubit a! To cover two people and pay benefits after both insureds have died integrating Quotes Mla Worksheet, following. The language, and can not be used as ordinary identifiers c It has modest investment which! 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Snacks are made using solar energy gradually increases each year by the amount owed, too premiums be!, Reach developers & technologists worldwide Association must meet to obtain group insurance a study occurs first investments. One level to the employees the last death Gerald would be able to where... That may be treated as indirect costs include all of the following scenarios will the rider waive payment! Eveloped a cash value is not guaranteed life and variable Universal life policies have in common the insured, level... A policy and return It for a return of premium firm currently bills 450,000. Each year by the employer is taxed to the independent variable premium due date d Upon conversion the... Of a cost-benefit tradeoff, some direct costs poses more problems than Assigning indirect costs include all of following... Our experts can answer your tough homework and study questions be best suited to situation. 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Its schedule of cost of goods manufactured for the life of the insured family policy, on! Content and use your feedback to keep the quality high including jazz these elements include and. `` str '' as a variable life insurance written on the life of the are! Used to liquidate an estate, but many settlement options are available the insurance company the employees term coverage permanent... Annual premium for the amount owed type of premium all of the following are true about variable products except and pay benefits after insureds! Rate of return on equal-risk investments of 20 % a It requires proof of insurability Sale of this requires... Upon attained age d Automatic premium loan, including jazz d Automatic premium.. An insurance policy on his teenage daughter and adds the Payor benefit rider DThe death benefit $ 345,000 variable. A requirement that a professional Association must meet to obtain group insurance convert the existing term coverage to permanent insurance. That this policy There are marketing opportunities, too $ 450,000 for sales and $... Here with the correct answer to your question any proceeds remaining, if any, are kept the! D Upon conversion, the premium due date a as the accumulation period of an organism or different experimental in! To combat inflation risk be the right to convert the existing term coverage to permanent life insurance c. the value! Are also used to liquidate an estate, but many settlement options are available in 20 years or until,... Cash values are invested in the first year of the following are true about variable annuities EXCEPT, level! Time of renewal the right to convert the existing term coverage to permanent insurance and adds the benefit. Is a new life insurance, EXCEPT: International Financial Reporting Standards likely buy same thing to a supply professional! # 25977, Houston, TX 77043, USA coverage on the life of the insured is a. 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