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

Author Question: A factor that can be ignored when determining the cost of life insurance is A) time value of ... (Read 15 times)

P68T

  • Hero Member
  • *****
  • Posts: 509
on: Jul 11, 2018
A factor that can be ignored when determining the cost of life insurance is
 
  A) time value of money.
  B) premiums paid.
  C) settlement options.
  D) dividends.

Question 2

Janet is the beneficiary of her uncle's 200,000 life insurance policy. When her uncle died, Janet selected a settlement option that pays monthly benefits for as long as she lives.
 
  If Janet dies before receiving 200,000, payments will continue to a contingent beneficiary until a total of 200,000 has been paid. What settlement option did Janet select?
  A) joint-and-survivor annuity
  B) life income with guaranteed total amount
  C) life income with guaranteed period
  D) fixed amount option


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ong527

  • Sr. Member
  • ****
  • Posts: 285
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: B


P68T

  • Member
  • Posts: 509
Reply 2 on: Jul 11, 2018
YES! Correct, THANKS for helping me on my review

ASDFGJLO

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Life-cycle of the Sun; sizes are not drawn to scale. Life-cycle of the Sun; sizes are not drawn to scale.
Time Line of Human History From Upper Paleolithic Period to the Present Time Line of Human History From Upper Paleolithic Period to the Present
Grace Ndiritu, Still Life: White Textiles. Grace Ndiritu, Still Life: White Textiles.
In middle childhood, children spend increasing amounts of time with peers and friends. In middle childhood, children spend increasing amounts of time with peers and friends.
Change in Bone Mass over Time In your early years, more bone mass is added than lost in your body Change in Bone Mass over Time In your early years, more bone mass is added than lost in your body
Life Expectancy versus GDP per Capita Life Expectancy versus GDP per Capita
Video: Allergic Rhinitis

For a complete list of videos, visit our video library