A The amount of insurance. A The contract pays only in the event of death during the term and there is no cash value. Which of the following are the three major goals of insurance rate regulation? It also recycles corn byproducts to make Doritos and other snacks; starch is reclaimed and sold, primarily as animal feed, and leftover sludge is burned to create methane gas to run the plant boiler. B) The policy's guarantees D Joint life, A Straight Life policy has what type of premium? A) During this of time the annuity payments grow interest tax deferred What can a lawyer do if the client wants him to be aquitted of everything despite serious evidence? D) A Retirement Annuity is a form of Decreasing Term. Explain the following actions by agents that are a. D) They earn lower interest rates than annuities, D) They earn lower interest rates than annuities, Which of the following is NOT true regarding the accumulation period of an annuity? D The SEC. B Increasing term D $60,000, Which Universal Life option has a gradually increasing cash value and a level death benefit? Which of the following riders would NOT cause the Death Benefit to increase? A Corridor option The firm currently bills $450,000 for sales and has$345,000 in variable costs. B) They invest on a conservative basis Marc Lore Food Truck, A continuous random variable takes on all the values in some interval of numbers. What type of insurance would be the most affordable and still provide a death benefit should one of them die? Browse other questions tagged, Where developers & technologists share private knowledge with coworkers, Reach developers & technologists worldwide. Which of the following errors is the most significant problem in measuring insurer profitability? An insurance policy that only requires a payment of premium at its inception, provides insurance protection for the life of the insured, and matures at the insured's age 100 is called A $10,000 All of the following are features of variable universal life insurance, EXCEPT: Death protection is deducted from cash value. Parts of the experiment: Independent vs dependent variables. Which of the following life insurance policies does NOT build cash value? Which of the following policies would most likely fit his needs? There are benefits besides the potential energy savings. B Flexible C Creditor becoming a policy beneficiary What information does Form W-3 contain? A Annually Renewable Term If a law is new but its interpretation is vague, can the courts directly ask the drafters the intent and official interpretation of their law? Annuity mortality tables reflect a greater life expectancy than do life insurance tables, and annuities are sold to give a greater income at an older age, whereas life insurance is sold to create an immediate income in the case of premature death. B) Straight Life B Any insurance B A decreasing annual premium for the life of the insured D Level Term Policy, Which of the following policies would have an IRS required corridor or gap between the cash value and the death benefit? A) The guaranty Association The type of policy that can be changed from one that does not accumulate cash value to the one that does is a, All other factors being equal, the least expensive first year premium payment is found in, Under a 20 pay whole life policy, in order for the policy to pay the death benefit to a beneficiary, the premiums must be paid, A) For 20 years or until death, whichever occurs first, To sell variable life insurance policies, an agent must receive all of the following except. A Creditor having a collateral assignment on the policy C Discounted. In a survivor ship life policy, when does the insurer pay the death benefit? Theoretically Correct vs Practical Notation. C) Renewable ScholarOn, 10685-B Hazelhurst Dr. # 25977, Houston, TX 77043,USA. D Graded Premium Life. C The payable premium amount steadily declines throughout the duration of the contract. When an annuity is written, whose life expectancy is taken into account? The insured's premiums will be waived until she is 21. C Free look C) Invest conservatively D Adjusted to the insured's age at the time of renewal. (A) They are regulated by the Chief Financial Officer(B) No plan may qualify for favorable tax treatment(C) Only funding and participation methods are regulated(D) Federal ERISA regulations override Florida law, (D) Federal ERISA regulations override Florida law. Markets are product groupings. Variable costs are the sum of the costs paid for all inputs D) The period of time during which accumulated money is converted into income payments, D) The period of time during which accumulated money is converted into income payments, Which of the following is TRUE for both equity indexed annuities and fixed annuities? This E-mail is already registered with us. B Policyowners bear the investment risk. B The face amount steadily declines throughout the duration of the contract. B Level term life. Recognizing the environmental impact, the firm is an aggressive "green manufacturer," with major initiatives in resource reduction and sustainability. Graded-Premium Whole Life policy premiums are typically lower initially, but gradually increase for a period of 5 to 10 years. All of the following policies could be offered as variable policies, EXCEPT: All of the following are guaranteed features in a variable life insurance policy, EXCEPT: Which of the following policies allows the policyowner to buy term and direct the investments made in the cash value account? Sale of this product requires a securities license. C) The premium mode The probability of each value of a discrete random variable is between 0 and 1, and the sum of all the probabilities is equal to 1. (A) The insurance company must notify the group policyowner(B) The policyowner must notify the department of the cancellation(C) The insurance company must notify the group members (but may request this to be done by the policyowner)(D) The policyowner must notify the group members, (B) The policyowner must notify the department of the cancellation, (A) covers all full-time employees of a single employer(B) insures the debtors of one lender(C) covers students participating in sports(D) insures employees of two or more employers, (D) insures employees of two or more employers. C Universal Life - Option A C Limited pay whole life policy Which of the following allows the insurer to relieve a minor insured from premium payments if the minor's parents have died or become disabled? That's a good point, thanks @AndreaCorbellini. A It will increase each year during the next 5 years as the face amount increases each year. Which rider is attached to the policy? D) The insurance company keeps a percentage of the returns, C) They earn lower interest rates than fixed annuities, Which of the following is TRUE for both equity indexed annuities and fixed annuities? The annuity premium is invested in securities. B $40,000 All of the following statements are correct about group life insurance EXCEPT: (A) a member can assign her incidents of ownership(B) certificate holders need not be notified if the policy expires(C) rates are typically more favorable than for individual policies(D) it is generally written as a one-year renewable term plan, (B) certificate holders need not be notified if the policy expires. A The company's general account B Temporary protection The creditor can only insure the debtor for the amount owed. A Allows any income the children make to be included in coverage. C Whole Life Policy D Survivorship Universal Life. Which of the following applies to variable contracts? C)The minimum death benefit is guaranteed. While you can't use Python keywords as variable names, you are allowed to do it with Python built-ins though it's considered a bad practice so I will recommend to avoid it. 11) All of the following are true EXCEPT that indirect costs: A) may be included in prime costs B) are not easily traced to products or services C) vary with the selection of the cost object D) may be included in manufacturing overhead The Securities Act of 1933 defines a securities product. A) A direct cost of one cost object cannot be an indirect cost of another cost object. III. Explain the meaning of premature death. A Single premium whole life. (A) Whole life(B) Term life(C) Endowment plan(D) Fixed annuity. What type of life insurance policy would be best suited to this situation? D Credit term life, Which of the following types of insurance policies is most commonly used in credit life insurance? D Increases annually. D Joint Life Policy. B) They are less risky than variable annuities b) Variables can take the form of observations of an organism or different experimental conditions in a study. Find centralized, trusted content and collaborate around the technologies you use most. C An amount set by statute and adjusted regularly for inflation. Vat Suspense Account, The following selected account balances are provided for Delray Mfg. Answer A is correct. The following are features of the Indexed Universal Life EXCEPT. All of the following are true regarding variable costs except which one? B) Under an original age conversion, the policyowner must pay a financial adjustment in addition to the premium for the new policy. D Creditor requiring that a debtor buys insurance from a certain insurer, Creditor requiring that a debtor buys insurance from a certain insurer, Which policy component decreases in decreasing term insurance? The death benefit can be increased by providing evidence of insurability. annuities. (C) The minimum death benefit is guaranteed. D)The cash value is not guaranteed. Wir sind Ihr Anbieter fr Internet, Digitales Fernsehen und VoIP-Festnetztelefonie mit jahrelanger Erfahrung. D) The funds are invested in the company's general account, C) The annuitant assumes the risks on investment, Which of the following is an example of a limited-pay life policy? There are marketing opportunities, too. A Producer Why do evolutionary psychologists argue that men and women should be more interested in sex? To sign up you must be 13 or older. 3. The premiums are invested in the insurer's general account. C Graded premium whole life. types of claims? B Term insurance A Graded premium Click the card to flip Definition 1 / 95 The premiums are invested in the insurer's general account. All of the following statements are correct regarding credit life insurance EXCEPT. Which of the following is the primary reason insurer solvency is monitored by Concerning Juvenile Life insurance, which of the following statements is INCORRECT? D) Payments are made in terms of dollars rather than units. Industriestrae 6 C Juvenile life An insured has a life insurance policy that requires him to only pay premiums for a specified number of years until the policy is paid up. Has Microsoft lowered its Windows 11 eligibility criteria. A monopolist produces 14,000 units of output and charges $14 per unit. B The premium is lower in the first year of the policy; then it is gradually raised every year. Craigslist Tool Boxes For Sale By Owner, A Universal life Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. Experts are tested by Chegg as specialists in their subject area. B A money market account. II. A) The face value of the policy is paid to the insured at age 100 Yamaha Riva 180 Petcock, A Annually Renewable Term A Usually a parent or guardian is the applicant for insurance on the life of a minor. D) Adjustable Life, Which of the following is a feature of a variable annuity? 11) All of the following statements about variable costs are true EXCEPT 11) A) they are constant as output increases. B) A variable annual premium for the life of the insured A) Under an attained age conversion, the premium is based on the insured's attained age at the time of conversion. D Cost of living. This E-mail is already registered as a Premium Member with us. A) Death benefit B) only if death occurs once the annuity has entered the Annuitization period. A Survivorship Life Policy What kind of policy issues certificates of insurance to insureds? (D) The cash value is not guaranteed. A Securities D) must begin distribution no later than age 59 1/2 or suffer a 10% penalty. C Family members are not provided any rights. I may have stumbled on an illegal variable name. Eight years later, he died in an automobile accident. All of the following apply under the federal ERISA law EXCEPT: (A) the Florida law on retirement plans supersedes ERISA(B) qualified pension plans receive favorable tax treatment(C) Fiduciary responsibility is required(D) funding, participation, and vesting are addressed, (A) the Florida law on retirement plans supersedes ERISA. (A) Conversion rule(B) Disclosure rule(C) Replacement rule(D) Reinstatement rule. B It usually develops cash value by the end of the third policy year. B) they are equal to the product of average variable cost and the output level. C Credit Life. D Cost of Living Rider, An insured and his spouse own a home. Which of the following is the CORRECT number of lives required in Florida for a group life insurance policy? B Modified Endowment Contract (MEC). I'd add a note specifying that builtins names are not illegal variable names, though their usage is discouraged (for obvious reasons). B Level Term A The premium can be raised up to a guaranteed maximum rate. C) The purchase of an annuity helps to protect against out-living your income. What happens at the end of the 10-year term? During what period is a new life insurance policyowner entitled to review a policy and return it for a full refund? Which of the following is another term for the accumulation period of an annuity? D Required proof of insurability every year. A) It would not occur in a deferred annuity An annuity only pays a death benefit during the accumulation (contribution) period. Lower loss adjustment expenses. After the period of increase the premiums will What would be the right policy for this client? C Variable whole life has a guaranteed death benefit. Creditor becoming a policy beneficiary what information does form W-3 contain a direct of. 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