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 106 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?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

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?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

In The Gross Clinic (1875), by Thomas Eakins, Professor Samuel Gross’s team of surgeons cuts through In The Gross Clinic (1875), by Thomas Eakins, Professor Samuel Gross’s team of surgeons cuts through
Urban Life Urban Life
Half-life Formula Half-life Formula
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Complete Life cycle of cherry (Prunus), a eudicot Complete Life cycle of cherry (Prunus), a eudicot
A generalized life cycle of a basidiomycete. A generalized life cycle of a basidiomycete.
Video: Contraction cycle of a sarcomere

For a complete list of videos, visit our video library