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 99 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?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

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?

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?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

The life history of T cells The life history of T cells
Laminaria Life Cycle Laminaria Life Cycle
Willem de Zwart: Still Life with Apples in a Delft Blue Bowl, 1880–1890 Willem de Zwart: Still Life with Apples in a Delft Blue Bowl, 1880–1890
Still Life with Eggs and Thrushes, Villa of Julia Felix, Pompeii. Still Life with Eggs and Thrushes, Villa of Julia Felix, Pompeii.
Pregnancy Life Pregnancy Life
Summary of Life's Characteristic Summary of Life's Characteristic
Video: DNA Sequences - Dideoxy Sequencing

For a complete list of videos, visit our video library