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 116 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?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

The Scale of Life The Scale of Life
Chemistry of life: four key concepts Chemistry of life: four key concepts
Morris and Company, Sussex Rush-Seated Chairs. Morris and Company, Sussex Rush-Seated Chairs.
Drug elimination: half-life to steady state. Drug elimination: half-life to steady state.
Life Cycle Nutrition: Toddlers through the Later Years Life Cycle Nutrition: Toddlers through the Later Years
Truth of life Truth of life
Video: ETC Protein Complexes & Chemiosmosis (Total ATP Production and ATP Synthase)

For a complete list of videos, visit our video library