« previous next »

Author Question: Gwen purchased an interesting life insurance policy. A minimum interest rate is guaranteed on the ... (Read 19 times)

brutforce

  • Hero Member
  • *****
  • Posts: 540
on: Jul 11, 2018
Gwen purchased an interesting life insurance policy. A minimum interest rate is guaranteed on the cash value, but additional interest may be credited based on the investment performance of a group of common stocks.
 
  There is also a cap on the additional interest credited to the policy. Based on this information, what type of life insurance did Gwen purchase?
  A) variable life insurance
  B) indexed universal life insurance
  C) current assumption whole life insurance
  D) variable universal life insurance

Question 2

A common use of second-to-die life insurance is
 
  A) insuring children.
  B) insuring double income with kids families.
  C) estate planning.
  D) insuring key employees of a business.


janeli

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Seven characteristics are common to all life Seven characteristics are common to all life
In Second Life, multiplayer online game, two avatars engage in virtual courtship. In Second Life, multiplayer online game, two avatars engage in virtual courtship.
Influence of substrate concentration on the rate of an enzyme-catalyzed reaction. Influence of substrate concentration on the rate of an enzyme-catalyzed reaction.
Food policy can drive the food industry Food policy can drive the food industry
Life Expectancy versus GDP per Capita Life Expectancy versus GDP per Capita
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Video: Role of ATP in muscle movement

For a complete list of videos, visit our video library