D Required proof of insurability every year. What are examples of software that may be seriously affected by a time jump? C SEC registration. C) The insurance Company B Remains level. D Cost of living. B Level Term Life A) Increasing or Decreasing The insured may renew the policy for another 10 years, but at a higher premium rate. D) The performance of the policy portfolio, D) The performance of the policy portfolio, Which of the following is TRUE regarding variable annuities? C Free look C Option B The company, for example, advertises that its popular Sun Chips snacks are made using solar energy. Django crud api with json fields in model. D Survivorship Universal Life. regulators? Which of the following is another term for the accumulation period of an annuity? B) Upon the last death A Joint and survivor Jenny Han Husband, From the keywords section in the Python docs: The following identifiers are used as reserved words, or keywords of B) It is the period during which the annuity payments earns interest B Interest-sensitive Whole Life What is the difference between Form 940 and Form 941? B The premium is lower in the first year of the policy; then it is gradually raised every year. B $50,000 B Temporary protection C Payor Benefit Rider C Flexible premium. C) It is the period over which the owner makes payments into an annuity A Until the policyowner reaches age 65. (A) It must have been in existence for at least 2 years(B) It must have at least 200 members that participate(C) It must be formed for the sole purpose of purchasing insurance(D) Its members must contribute premiums on a strictly voluntary basis, (A) It must have been in existence for at least 2 years. A The amount of insurance. 16) Improvements in information-gathering technologies are making it possible to trace more costs as direct. A) During this of time the annuity payments grow interest tax deferred Ryan Haywood Twitter, A Graded premium Which of the following is NOT a reason insurers are subject to governmental regulation? Which of the following is the primary reason insurer solvency is monitored by D) Amount and length of payments, A Return of Premium term life policy is written as what type of term coverage? Gradually increases each year by the amount that the cash value increases. C) they are zero if output is zero. What's the difference between a power rail and a signal line? Select another company and compare its green policies to those of Frito-Lay. If the father becomes disabled, what will happen to the life insurance premiums? B Creditor C A general account. He discovered that this policy C Discounted. C) They are less risk than variable annuities What would be the right policy for this client? Austin Hedges Contract, C Fixed-amount C Family members are not provided any rights. 19) The cost of electricity used in the production of multiple products would be classified as a indirect cost. He discovered that his policy B Term insurance What information does Form W-3 contain? D The insured may only convert the policy to another term policy. D Cash value. B) Under an original age conversion, the policyowner must pay a financial adjustment in addition to the premium for the new policy. Eight years later, he died in an automobile accident. B Universal life C Whole life (A) This is not permitted under Florida law(B) It is possible to convert $3,000 or more of industrial insurance(C) Any such conversion requires a physical examination (D) The multiple policies can only be reissued as one industrial policy, (B) It is possible to convert $3,000 or more of industrial insurance. Multiple Choice Quiz. B It usually develops cash value by the end of the third policy year. D For 20 years or until death, whichever occurs first. How Much Sugar Is In A Mountain Dew 600ml, Maryland Basketball Recruiting Crystal Ball 2020. C Covers children for free. Graded-Premium Whole Life policy premiums are typically lower initially, but gradually increase for a period of 5 to 10 years. C) Whole life B) The face amount steadily declines throughout the duration of the contract But the continuing battle for resource reduction continues. How to derive the state of a qubit after a partial measurement? B Upon the last death A Indeterminate premium whole life The creditor can only insure the debtor for the amount owed. Price and cost is the same thing to a supply chain professional. Industriestrae 6 Which of the following has the right to convert the existing term coverage to permanent insurance? B Universal Life A Single premium policy C The premium mode What would be the right policy for this client? D It will decrease for the new 5-year term since the insured is now a lesser risk to the company. C It has the lowest annual premium of the three types of Whole Life policies. D) It is also known as the pay-in period, A) It would not occur in a deferred annuity, Who bears all of the investment risk in a fixed annuity? C Death benefit The solar power is being converted into heat and used to cook Sun Chips. Im Technologiezentrum Freistadt Click Submit to complete this assessment. D Annual Renewable Term. D Its premium steadily decreases over time, in response to its growing cash value. for the next century, blues would become the underground __________ that would feed all streams of popular music, including jazz. B Second-to-Die A Allows any income the children make to be included in coverage. In which of the following ways is a beneficiary protected from the creditors of the deceased insured? Kindly login to access the content at no cost. A) It is not tied to an index like the S&P 500 D Increases annually. How does the NLT translate in Romans 8:2? Which of the following is a requirement of a participating life insurance policy? The type of policy that can be changed from one that does not accumulate cash value to the one that does is a C Lower. E. items "C" and "D" above. A Increasing B The mortality expense B Whole Life Policy. The variable universal life policy DOES have cash value that varies with the performance of the investment. B) The annuitant The company is also moving toward biodegradable packaging and seasoning bags and cans and bottles. D FINRA registration. The premium of a survivorship life policy compared with that of a joint life policy would be A Adjustable Life D The borrower's monthly income. B) The period of time during which money is accumulated is an annuity This E-mail is already registered with us. If the policy renews at the end of a specified period of time, the policy premium will be D Option B. Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. 4240 Freistadt, Mo-Do: 7:30-12:00 und 12:30-16 Uhr A The contract pays only in the event of death during the term and there is no cash value. The file Grude Oil contains the volume (in barrels) of Canadian crude oil exports by rail from January 2012 to May 2019. C) Renewable or convertible D) Its premium steadily decreases over time, in response to its growing cash value, D) Its premium steadily decreases over time, in response to its growing cash value, Which of the following best describes what the annuity period is? The following selected account balances are provided for Delray Mfg. Question 1 0 / 1 pts Variable costs include all of the following except: Direct labor Materials Correct Answer Equipment You Answered Sales commissions Direct labor Materials Question 2 1 / 1 pts In a manufacturing organization, general employee training costs are considered. Which rider is attached to the policy? C The creditor may insure the debtor for an unlimited amount of coverage. A Limited Pay I'd add a note specifying that builtins names are not illegal variable names, though their usage is discouraged (for obvious reasons). C A variable annual premium for the life of the insured 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. D Decreasing term. 20) Some fixed costs may be classified as direct manufacturing costs. A Return of Premium term life policy is written as what type of term coverage? A Determined by the health of the insured. Which of the following errors is the most significant problem in measuring insurer profitability? Q1. B May be converted to permanent insurance for the children without requiring evidence of insurability. An insured purchased a Life Insurance policy. Napa Legend Premium Battery Review, A Decreases by the amount that the cash value increases. A tuner component that goes into each of these devices costs $5 to acquire. Variable whole life has a guaranteed death benefit. B Accidental Death Rider B Variable universal life has a fixed premium. Maryland Basketball Recruiting Crystal Ball 2020, Anytime, anywhere. C) It has modest investment potential B Neither the premium nor the death benefit is affected by the insured's age. All of the following are true about variable products EXCEPT (A) Policyowners bear the investment risk. C Face amount A) The death benefit can be increased by providing evidence of insurabillity A Universal life (D) The cash value is not guaranteed. Owner Which of the following is TRUE regarding the insurance amount in a credit life policy? B Payor Benefit Rider At Frito-Lay's factory in Casa Grande, Arizona, more than 500,000 pounds of potatoes arrive every day to be washed, sliced, fried, seasoned, and portioned into bags of Lay's and Ruffles chips. C. The cash values are invested primarily in equities. B) They have guaranteed minimum interest rates 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? Frito-Lay plans to take the plant off the power grid and run it almost entirely on renewable fuels and recycled water. a. D) must begin distribution no later than age 59 1/2 or suffer a 10% penalty. May be converted to permanent insurance for the children without requiring evidence of insurability. V. Insured. The policy is a/an D Decreasing. Connect and share knowledge within a single location that is structured and easy to search. Fr: 7:30-12 Uhr. A) Level Term Life B The Guaranty Association. Which of the following is correct regarding credit life insurance? B It has a maximum term of 20 years. D) They are both tied to an equity index, Which of the following best describes annually renewable term insurance? D Guaranteed Insurability Rider, Basic Insurance Concepts and Principles, Cont, Fundamentals of Financial Management, Concise Edition, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese, South African World Cup Successes and Failures. C The length of coverage. All of the following statements are TRUE about variable annuities EXCEPT: (A) Monies invested are professionally managed in accordance with the objective of the holder. Parts of the experiment: Independent vs dependent variables. The death benefit can be increased by providing evidence of insurability. C) When the annuitant dies before receiving any annuity payments. B Increasing Term All of the following are true about variable annuities except. They He believes that he will not need extra capital for personal living expenses, since the business will generate immediate revenue to cover all living and business expenses. C Decreasing Term C The premium is level throughout the life of the policy. Annuity surrender charges are generally waived if the annuitant is hospitalized for an extended period, placed in a nursing facility, becomes disabled, or dies. 15) Assigning direct costs poses more problems than assigning indirect costs. In science, a variable is any factor, trait, or condition that can exist in differing amounts or types. Explain the meaning of premature death. B Variable Universal Life Which policy should Hank's insurance agent recommend? (Note: Assume a 365-day year.). 0 A. O B. C Option A A Decreasing Term Policy. A monopolist produces 14,000 units of output and charges $14 per unit. C The payable premium amount steadily declines throughout the duration of the contract. B A life insurance license. Prepare its schedule of cost of goods manufactured for the year ended December 31, 2017. 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. D) An increasing annual premium for the life of the insured, C) A level premium for the life of the insured, Which of the following is NOT true regarding Equity Indexed Annuities? B The type of investment. A Corridor option Which of the following is CORRECT about the replacement rule? The initial amount of credit life insurance may NOT exceed @NightShadeQueen Thanks for the info. Has China expressed the desire to claim Outer Manchuria recently? You should now have gotten the answer to your question All of the following are true about variable products EXCEPT, which was part of Insurance MCQs & Answers. A) Values are determined by the equity of the stock market. C Convertible Term Policy. A biomass boiler, which will burn agricultural waste, is also planned to provide additional renewable fuel. C Decreasing Term D Increasing, An individual has just borrowed $10,000 from his bank on a 5-year installment loan requiring monthly payments. A) The company guarantees a minimum interest rate A Accidental Death and Dismemberment Its marginal revenue is $8, its marginal cost is $7 and rising, its average total cost is $10, and its average variable cost is $9. C) They are less risky than variable annuities C Accumulation of cash value The process consumes enormous amounts of energy and creates vast amounts of wastewater, starch, and potato peelings. Frito-Lay has also built over 50 acres of solar concentrators behind its Modesto, California, plant to generate solar power. C Family Income Policy C) Annual Renewable Term Proper way to declare custom exceptions in modern Python? C Family Income Policy The firm currently bills $450,000 for sales and has$345,000 in variable costs. A) When a contract is surrendered, any surrender charges reduce the contract payout. B) If the annuitant dies after receiving 12 monthly income payments. C In 20 years B) only if death occurs once the annuity has entered the Annuitization period. Flexibility of practice when applied to managerial accounting means that: Q5. What type of annuity is it? C) They have a guaranteed minimum interest rate Which of the following is a key distinction between variable whole life and variable universal life products? The type of insurance sold to a debtor and designed to pay the amount due on a loan if the debtor dies before the loan is repaid is called. For instance, the company's energy management program includes a variety of elements designed to engage employees in reducing energy consumption. types of claims? C Variable whole life has a guaranteed death benefit. D) It has a fixed rate of return, B) It has a guaranteed minimum interest rate, Which of the following is TRUE regarding the annuity period? C) The period of time from the effective date of the contract to the date of its termination D Upon conversion, the premium for the permanent policy will be based upon attained age. D Death benefit, What type of premium do both Universal Life and Variable Universal Life policies have? After the period of increase the premiums will All of the following are true about variable products except? Which type of life insurance provision/rider does this describe? Why do evolutionary psychologists argue that men and women should be more interested in sex? C Until the policyowner's age 100, when the policy matures. This is a type of flexible premium annuity which allows level premiums to be paid into the annuity in regular installments for the purpose of accumulating funds to be used at retirement. C Variable Universal Life An insured buys a 5-year level premium term policy with a face amount of $10,000. Direct labor, factory repairs and maintenance, wages payable. Which of the following statements is true? A Policy period Insurer A At the insured's age 65 A Survivorship Life Policy C Most term policies contain a convertibility option. Required fields are marked *, All of the following are true about variable products EXCEPT. Ex.) choice of risk financing alternatives? A) If the insured survives to age 100 Gerald wants a life insurance policy in which he can choose the investment vehicle. annuities. A Complete contract. C The cost of coverage paid by the employer is taxed to the employees. D Cash value, A young father would like a life insurance policy to provide coverage for all five family members at the lowest cost. D $200,000. D Joint life, A Straight Life policy has what type of premium? A variable life policy cannot be proposed in a sales scenario unless a prospectus precedes or accompanies the proposal, because it is considered a security. The amount to be repaid under the contract. Indirect costs include all of the following except: International Financial Reporting Standards. C Federal government. One of the advantages of a family life insurance policy that provides coverage for children is that it A The Insurance Department. B It will increase because the insured will be 5 years older than when the policy was originally purchased. 1. o There is only one independent variable. All of the following statements are correct about policy loan interest rates EXCEPT: (A) an insurance company can charge a fixed rate of interest up to a maximum of 10%, with some restrictions(B) an adjustable interest rate can be used if the insurance company follows a national corporate bond index(C) an adjustable interest rate can be used if the limit is based on the average monthly published interest rate set by Moodys(D) policy loan interest rates were set by the Office of Insurance Regulation in 1933 and may not be changed, (D) policy loan interest rates were set by the Office of Insurance Regulation in 1933 and may not be changed. C) Upon the first death Which of the following types of insurance covers the whole family in a single contract? In which of the following scenarios will the rider waive the payment of premium? A) Renewable print keyword.iskeyword.iskeyword(pass) doesn't work "keyword" is not defined. C) The purchase of an annuity helps to protect against out-living your income. A) Upon conversion, the death benefit of the permanent policy will be reduced by 50% D) They earn lower interest rates than fixed annuities, D) They earn lower interest rates than fixed annuities, Why is an equity indexed annuity considered to be a fixed annuity? Which of the following types of policies would be best for B? C) The annuitant assumes the risks on investment A continuous random variable takes on all the values in some interval of numbers. A) Interest-sensitive Whole Life D) may be included in manufacturing overhead. A A securities license. Burn My Dread Lyrics, B)The premiums are invested in the insurer's general account. Cause and effect relationships explain why things happen and allow you to reliably predict the outcomes of . All of the following are correct about the policy loan interest rate EXCEPT: (A) an adjustable rate of interest can be charged(B) an insurance company can charge a fixed rate of up to 10%(C) adjustable interest rates are based on a published index(D) there are no restrictions or limitations on policy loan interest rates, (D) there are no restrictions or limitations on policy loan interest rates. The question addresses when the actual receipt of benefits from an annuity begins. rev2023.3.1.43269. Assumed interest, life expectancy, and the guaranteed payout period all would be used to determine the amount of payout during the Annuitization period. Some variable names are illegal in Python because of it being a reserved word. Your client wants both protection and savings from the insurance, and is willing to pay premiums until retirement at 65. Because all payments cease upon the annuitant's death, the amounts of the monthly income payments are larger while the annuitant is alive, than under any other option. 0 A. O B. Concerning Juvenile Life insurance, which of the following statements is INCORRECT? Frito-Lay, the multi-billion-dollar snack food giant, requires vast amounts of water, electricity, natural gas, and fuel to produce its 41 well-known brands. D) Payments are made in terms of dollars rather than units. C) Decreasing premium 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? A) The insurance company keeps a percentage of the returns D Life Paid-up at Age 65, An Adjustable Life policyowner can change which of the following policy features? The contribution margin per unit is equal to the a. price of a good. D The SEC. To sign up you must be 13 or older. A man decided to purchase a $100,000 Annually Renewable Term Life policy to provide additional protection until his children finished college. All of the following statements are correct about a participating policy EXCEPT: (A) dividends are not considered in comparison to nonparticipating policies(B) dividends are paid to the policyowner(C) dividends may be used to pay premiums(D) dividends may be left with the insurer to accumulate interest, (A) dividends are not considered in comparison to nonparticipating policies. The Investment Company Act of 1940 requires that insurers maintain a separate account for variable investments.
Ticketek Refund Complaint, Nigerian Billionaires From Poor Backgrounds, Alliance Entertainment Shop, Savage Navy Revolver Reproduction, Jaquan Brisker Comparison, Articles A