This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following 100,000 whole life insurance policies, issued by the same company to a man ... (Read 70 times)

nevelica

  • Hero Member
  • *****
  • Posts: 563
on: Jul 11, 2018
Which of the following 100,000 whole life insurance policies, issued by the same company to a man age 32, would require the highest first-year premium?
 
  A) continuous premium (ordinary) life
  B) whole life paid-up at 65
  C) 10-payment whole life
  D) 20-payment whole life

Question 2

Michael wants to make sure that life insurance proceeds are available to pay his outstanding mortgage balance if he dies.
 
  He purchased a type of life insurance in which the amount of coverage gradually declines, just as his outstanding mortgage balance gradually declines. This type of life insurance is called
  A) modified life insurance.
  B) decreasing term insurance.
  C) re-entry term insurance.
  D) current assumption whole life.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kishoreddi

  • Sr. Member
  • ****
  • Posts: 329
    • Your online Help in Biology and chemistry
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: B


nevelica

  • Hero Member
  • *****
  • Posts: 563
Reply #2 on: Jul 11, 2018
TY


kishoreddi

  • Sr. Member
  • ****
  • Posts: 329
    • Your online Help in Biology and chemistry
Reply #3 on: Jul 11, 2018
Happy to Help


« previous next »
 

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Zygotic life cycle, illustrated by the unicellular flagellate genus Chlamydomonas Zygotic life cycle, illustrated by the unicellular flagellate genus Chlamydomonas
Laminaria Life Cycle Laminaria Life Cycle
Life Is Abundant in Soil Life Is Abundant in Soil
Types of Policies Important for a Massage Therapy Practice Types of Policies Important for a Massage Therapy Practice
The permissible exposure limit (PEL) and immediately dangerous to life and health (IDLH) ... The permissible exposure limit (PEL) and immediately dangerous to life and health (IDLH) ...
Life cycle of Pisum sativum Life cycle of Pisum sativum
Video: Darwin's Observation (Fossils, Galapagos Islands & Africa ) and Natural Selection (Adaptive Traits)

For a complete list of videos, visit our video library