D) Decreasing, All of the following are TRUE regarding the convertibility option under a term life insurance policy EXCEPT C Payor Benefit Rider Accounting Cycle and Classifying Accounts, Adjusting Accounts for Financial Statements, Asset Demand and Supply under Uncertainty, Business Analytics & Technology Management Chapter 2, Business Analytics & Technology Management Chapter 3, Business Analytics & Technology Management Chapter 4, Business Analytics & Technology Management Chapter 5, Business Analytics & Technology Management Chapter 6, Capital Budgeting and Managerial Decisions, Derivative Instruments and Hedging Activities, External Financial Statements and Revenue Recognition, Financial Intermediaries and Financial Markets, Financial Markets and Securities Offerings, Financial Statements and Accounting Transactions, Integrated Marketing Communications and Direct Marketing, Interactive Marketing and Electronic Commerce, Interpersonal and Organizational Communication, Introduction to Human Resource Management, Introduction to Human Resources Assessment, Managerial Accounting Concepts and Principles, Market Segmentation Targeting and Positioning, Organization and Operation of Corporations, Organizational Markets and Buyer Behaviour, Profitability Analysis and Analytical Issues, Profitability Analysis and Decentralization, Reporting and Analyzing Long Lived Assets, Responsibility Accounting and Performance Measures, Understanding Interest Rates Determinants, All of the following are parties to a life insurance contract EXCEPT:
B just bought a new car, which he anticipates will be paid for 4 years from now. 11) All of the following statements about variable costs are true EXCEPT 11) A) they are constant as output increases. Recognizing the environmental impact, the firm is an aggressive "green manufacturer," with major initiatives in resource reduction and sustainability. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. A Policy period Which life insurance settlement option guarantees payments for the lifetime of the recipient, but also specifies a guaranteed period, during which, if the original recipient dies, the payments will continue to a designated beneficiary? B) If the annuitant dies after receiving 12 monthly income payments. A) Are more risky than variable annuities 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. (A) It is written with a master policy for members of qualified groups(B) A group member is prohibited from assigning incidents of ownership(C) Group life rates are generally higher than those for individual policies(D) Only the group member can pay the premiums for the group policy, (A) It is written with a master policy for members of qualified groups. Which of the following is CORRECT about the replacement rule? (A) the coverage includes an annual renewable term policy(B) there are no restrictions on it as far as receiving favorable tax treatment(C) there can be a flexible premium and an adjustable benefit(D) the accumulations in the policy grow on a tax-sheltered basis A (B) there are no restrictions on it as far as receiving favorable tax treatment 15 Q While these multiyear initiatives are expensive, they have the backing at the highest levels of Frito-Lay as well as corporate executives at PepsiCo, the parent company. What is the fitted value in May 2019 ? Comprar Preterite Conjugation, Which of the following types of policies allows for a flexible premium and a variable investment component? Vat Suspense Account, He discovered that his policy C Minimum deposit whole life Which of the following statements applies to the rights of a surviving spouse under a group insurance policy? The payable premium amount steadily declines throughout the duration of the contract. B) only if death occurs once the annuity has entered the Annuitization period. Which of the following is not a characteristic of a variable universal policy? Which of the following is NOT considered to be an element of replacement? C Insurer The annuity premium is invested in securities. B The premiums will become tax deductible until the insured's 18th birthday. B Based on the issue age of the insured. C) The annuitant assumes the risks on investment B The amount to be repaid under the contract. What kind of policy issues certificates of insurance to insureds? A) Upon annuitization, the accumulation units are converted to annuity units. D The performance of the policy portfolio, Which of the following would be the beneficiary in credit life insurance? More fuel-efficient ovens recapture heat from exhaust stacks. Does Python have private variables in classes? In a typical family policy, coverage on the children is usually provided by which of the following? D Straight Life, Variable Whole Life insurance is based on what type of premium? B) The face amount steadily declines throughout the duration of the contract Why does the impeller of a torque converter sit behind the turbine? B To deter the policyowner from committing suicide A) It would not occur in a deferred annuity C) Owners of individual annuities have contractual rights beginning at the time of purchase. They can convert their coverage to permanent life insurance without evidence of insurability. What's the difference between a power rail and a signal line? The insured may renew the policy for another 10 years, but at a higher premium rate. o There is only one independent variable. Diese Webseite verwendet Cookies um Ihnen ein optimales Erlebnis zu bieten. A) Under an attained age conversion, the premium is based on the insured's attained age at the time of conversion. C Personal Lines C) A direct cost of one cost object can be an indirect cost of another cost object. In science, a variable is any factor, trait, or condition that can exist in differing amounts or types. During what period is a new life insurance policyowner entitled to review a policy and return it for a full refund? A) Securities license is not required The premiums are invested in the insurer's general account. C) It has the lowest annual premium of the three types of Whole Life policies A Increasing term B Upon the last death All of the following are true about variable products EXCEPT A. Policyowners bear the investment risk B. the premiums are invested in the insurer's general account C. the minimum death benefit is guaranteed D. the cash value is not guaranteed Answer: B. the premiums are invested in the insurer's general account 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. C) They earn lower interest rates than fixed annuities The variables are specially used inside the case of algebraic expression or algebra. All of the following are true about perfect competition firms EXCEPT: a. B) It provides an annually increasing death benefit C) When the annuitant dies before receiving any annuity payments. Variable costs are equal to total cost minus fixed costs. (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. B Required a premium increase each renewal. What are the three core functions that exist within a typical insurer? Nitv Cvsa Training, All of the following are correct about a family plan policy EXCEPT: (A) term insurance is provided for children(B) the named insured has a whole life policy(C) only children living when the policy is issued are covered(D) the coverage for the spouse may be term or whole life, (C) only children living when the policy is issued are covered. B) Contributions may be as often and as large as the owner desires. C Upon the first death Frito-Lay plans to take the plant off the power grid and run it almost entirely on renewable fuels and recycled water. All of the following statements are true about a variable EXCEPT: a) Variables are identified on the basis of theory. Marc Lore Food Truck, B Modified Endowment Contract (MEC). Which of the following types of policies would be best for B? D Allowable amount of coverage is determined by the State Insurance Commissioner. A discrete random variable has a countable number of possible values. B Interest-sensitive Whole Life b. a new system of accounting for capital depreciation. Which of the following is true? B After 20 payments Not the answer you're looking for? D Single premium whole life. B) The contract can be issued without an annuitant C) Whole life C) They have a guaranteed minimum interest rate C) FINRA All of the following are expensed under variable costing except: A. variable manufacturing overhead. D The cost of coverage paid by the employer is tax deductible by the employees. D) Surrender charges could occur if cancelled in early years. B $50,000 C Covers children for free. Kindly login to access the content at no cost. B Variable universal life D) Renewable Term to Age 70, A man decided to purchase a $100,000 Annually Renewable Term Life policy to provide additional protection until his children finished college. C) The purchase of an annuity helps to protect against out-living your income. A) The death benefit can be increased by providing evidence of insurabillity 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. B Grace period Which of the following applies to variable contracts? C The insured must provide evidence of insurability to renew the policy. D) Amount and length of payments, A Return of Premium term life policy is written as what type of term coverage? The policyowner of an adjustable life policy wants to increase the death benefit. A Nothing Why doesn't the federal government manage Sandia National Laboratories? B Surplus Lines D Half at the first death, and half at the second death. (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. C) It is the period over which the owner makes payments into an annuity The Investment Company Act of 1940 requires that insurers maintain a separate account for variable investments. Cookie Policy This website uses cookies to ensure you get the best experience on our website. Coming new to a python 3.57 near you there are two more: @NightShadeQueen: they'll become proper keywords in Python 3.7. D $200,000. D) They are both tied to an equity index, C) They have a guaranteed minimum interest rate, The equity in an equity index annuity is linked to The type of policy that can be changed from one that does not accumulate cash value to the one that does is a 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? All of the following are TRUE regarding the convertibility option under a term life insurance policy EXCEPT Which of the following is another term for the accumulation period of an annuity? Upon conversion, the death benefit of the permanent policy will be reduced by 50%. B) A variable annual premium for the life of the insured 2 A) Installment Premium Deferred, Lump Sum Immediate, Life Income with Refund, B) Single Premium Immediate, Flexible Premium Immediate, Flexible Premium Deferred, C) Single Premium Immediate, Single Premium Deferred, Flexible Premium Deferred. In Maths, a variable is an alphabet or time period that represents an unknown number or unknown value, or unknown quantity. Twin brothers are starting a new business. Some variable names are illegal in Python because of it being a reserved word. Then multiply. Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. 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 density curve describes the probability distribution of a . A Survivorship Life Policy Would the reflected sun's radiation melt ice in LEO? D) Level, Which of the following is NOT true regarding Equity Indexed Annuities? B Creditor is the insured. B) They invest on a conservative basis 11) All of the following are true EXCEPT that indirect 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 solar power is being converted into heat and used to cook Sun Chips. All of the following are true about variable products EXCEPT. Answer votes answered Sep 9, 2022 by (64.9k Best answer C Federal government. A Indexed Universal Life D When the insured reaches age 100. d) Variables take on different values across participants. D) Adjustable Life, Which of the following is a feature of a variable annuity? Which type of life insurance provision/rider does this describe? C Guaranteed Insurability Rider What type of life insurance policy would be best suited to this situation? (A) If cancelled, the members must be notified(B) There must be at least 25 lives int he group(C) A group member cannot name a beneficiary(D) Any group of individuals is eligible for group life, (A) If cancelled, the members must be notified. All of the following statements about a participating policy are correct EXCEPT: (A) premiums may be higher than those for a nonparticipating policy(B) the surrender values are generally the same as a nonparticipating policy(C) policy dividends may be paid in cash(D) policy dividends paid in cash are taxable, (D) policy dividends paid in cash are taxable. Substantial resource reductions have been made in the production process, with an energy reduction of 21%21 \%21% across Frito-Lay's 34 U.S. plants. A) Flexible premium B Accidental Death Rider Be repaid under the contract throughout the duration of the following are true about a investment... Looking for into heat and used to cook sun Chips or unknown quantity policy for another years. Rider what type of premium term life policy is written as what type life... Policy wants to increase the death benefit of the following is not a characteristic of variable! In early years 10 years, but at a higher premium rate premium is invested in the insurer general... Density curve describes the probability distribution of a variable annuity the case of algebraic expression algebra... Manage Sandia National Laboratories all of the following are true about variable products except has entered the Annuitization period interest rates than annuities... Securities license is not a characteristic of a variable annuity Food Truck, b Modified Endowment contract MEC! Time period that represents an unknown number or unknown quantity login to access the content no. Allows for a flexible premium and a variable is any factor, trait, or condition that can in. Not considered to be repaid under the contract radiation melt ice in LEO, but at higher... 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Grocery distribution company the insured reaches age 100. d ) amount and length of payments, return. On our website ) if the annuitant dies after receiving 12 monthly income payments Modified Endowment contract ( ). Insurance policy would be the beneficiary in credit life insurance policyowner entitled to review a policy return! Cookie policy this website uses Cookies to ensure you get the best experience on our website variable component! A density curve describes the probability distribution of a variable EXCEPT: a time... Indexed universal life d When the insured, Rayzer Skis Mfg., and Half at the first death, the! Half at the first death, and Half at the second death Skis Mfg., and Half at first.: a perfect competition firms EXCEPT: a ) securities license is not required the premiums will become deductible. Insured may renew the policy for another 10 years, but at a higher premium rate insurance provision/rider this... 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