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Author Question: A factor that can be ignored when determining the cost of life insurance is A) time value of ... (Read 49 times)

P68T

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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


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ong527

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: B


P68T

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Reply 2 on: Jul 11, 2018
Thanks for the timely response, appreciate it

meow1234

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Reply 3 on: Yesterday
Excellent

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