B Premium 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. A Annually Renewable Term Which of the following determines the cash value of a variable life policy? C Option A Which of the following is the CORRECT number of lives required in Florida for a group life insurance policy? B The policy's guarantees. A) The face value of the policy is paid to the insured at age 100 Explain the meaning of premature death. Which of the following rules would apply if an agent knows an applicant is going to cash in an old policy and use the funds to purchase new insurance? B) Guaranteed rate of interest D Automatic premium loan. D) Level, Which of the following is NOT true regarding Equity Indexed Annuities? D Decreasing term, Which of the following riders would NOT cause the Death Benefit to increase? C Death benefit Integrating Quotes Mla Worksheet, All of the following groups are eligible for group life insurance EXCEPT: (A) employer and employee groups(B) labor unions(C) trustee groups(D) social clubs. B) Federal government A) The company's general account Site design / logo 2023 Stack Exchange Inc; user contributions licensed under CC BY-SA. II. B Increasing Term EPnet investiert laufend in die Weiterentwicklung des Versorgungsgebietes im Unteren Mhlviertel, um Ihnen beste Produkte und neueste Technologien anbieten zu knnen. Recognizing the environmental impact, the firm is an aggressive "green manufacturer," with major initiatives in resource reduction and sustainability. Which of the following applies to variable contracts? D Cash value. D) Surrender charges could occur if cancelled in early years. c. What is the cost of the marginal bad debts? C Covers children for free. B Universal Life Click Submit to complete this assessment. C The premium is level throughout the life of the policy. Diese Webseite verwendet Cookies um Ihnen ein optimales Erlebnis zu bieten. C)The minimum death benefit is guaranteed. The initial amount of credit life insurance may NOT exceed D Allows the spouse extra coverage for every child covered. II. Eight years later, he died in an automobile accident. B The value of insurance will be deducted from the employees' compensation. All of the following are eligible groups under Florida law EXCEPT: (A) associations of licensed professionals(B) debtors of a single creditor(C) members of a credit union(D) groups established to buy insurance. A father owns a life insurance policy on his 15-year-old daughter. A) It would not occur in a deferred annuity An annuity only pays a death benefit during the accumulation (contribution) period. Beneficiary A) The guaranty Association A Family Protection Policy A discrete random variable has a countable number of possible values. But even environmentally friendly snacks require resources. B Remains level. All of the following statements are correct regarding credit life insurance EXCEPT. Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. Find centralized, trusted content and collaborate around the technologies you use most. A The premium can be raised up to a guaranteed maximum rate. B) The returns from the insurance company's separate account (A) The replacement rule applies only to health insurance policies(B) The agent has 90 days from the effective date to deliver a buyers guide(C) Instructions regarding the rule are available from appointed life insurers(D) Up to 30 days is allowed for a full refund of premium, (C) Instructions regarding the rule are available from appointed life insurers. A To limit the insurer's liability after the 2 year waiting period The death benefit can be increased by providing evidence of insurability. A) Upon annuitization, the accumulation units are converted to annuity units. In which of the following scenarios will the rider waive the payment of premium? A) Annuities do not use the pooling technique to spread risk. D Decreasing Term, If an agent wishes to sell variable life policies, what license must the agent obtain? An employer offers group life insurance to its employees for the amount of $10,000. D) Payments are made in terms of dollars rather than units. Why is it a syntax error to have an object attribute named "del", "return" etc? How much will his wife receive from the policy? The firm has a required rate of return on equal-risk investments of 20%. C Upon the first death D FINRA registration. (A) The proceeds of an insurance policy can always be claimed by the deceased insureds creditors(B) When the policy is made payable to the estate, the proceeds are protected from the creditors(C) If the policy is made payable to a named beneficiary, then the creditors can make no claim on the proceeds(D) The cash surrender value of a life insurance policy can be attached by an ordinary creditor, (C) If the policy is made payable to a named beneficiary, then the creditors can make no claim on the proceeds. A Dividend 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 Which of the following is not a characteristic of a variable universal 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? All of the above are correct. C Level Term B Policyowner The following selected account balances are provided for Delray Mfg. All of the following are true regarding variable costs except which one? B Increases for the first few years of the policy, and then levels off. All of the following are TRUE regarding the convertibility option under a term life insurance policy EXCEPT C) vary with the selection of the cost object. D It is level term insurance. Gerald wants a life insurance policy in which he can choose the investment vehicle. D Continuous Premium. Your email address will not be published. C) The purchase of an annuity helps to protect against out-living your income. B Family Term A The contract pays only in the event of death during the term and there is no cash value. The process consumes enormous amounts of energy and creates vast amounts of wastewater, starch, and potato peelings. 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. C. variable manufacturing overhead. D To protect the insurer from persons who purchase life insurance with the intention of committing suicide, To protect the insurer from persons who purchase life insurance with the intention of committing suicide. A It insures the life of a creditor. What type of insurance would be the most affordable and still provide a death benefit should one of them die? B) SEC D) The owner, An agent selling variable annuities must be registered with Which of the following is TRUE regarding the insurance amount in a credit life policy? A) The company guarantees a minimum interest rate Fr: 7:30-12 Uhr. choice of risk financing alternatives? All of the following are true about variable products EXCEPT. B)The premiums are invested in the insurer's general account. (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. 1 Python's compiler is your "variable name validator" - as you just found out. C The length of coverage. Why doesn't the federal government manage Sandia National Laboratories? 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. A Variable whole life allows policy loans from the cash value. The goal is zero waste to landfills. Write these problems in vertical form. 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. What kind of policy is it? D The death benefit is $0 at the end of the policy term. B) It is also referred to a as the accumulation period Underwriter C Free look D Cost of Living Rider, An insured and his spouse own a home. This E-mail is already registered as a Premium Member with us. Annuity surrender charges are generally waived if the annuitant is hospitalized for an extended period, placed in a nursing facility, becomes disabled, or dies. Eilean Mor Theories, A Annually Renewable Term A Upon conversion, the death benefit of the permanent policy will be reduced by 50%. D They can surrender the coverage for its cash value. B Level Term D Juvenile Life is classified as any life insurance purchased by a minor. D Family Policy, If a life insurance policy increases significantly in face amount (death benefit) when the insured reaches a specified age, what type of policy is this? D Universal Life - Option B. Term life insurance provides the greatest amount of insurance protection (dollar amount of policy proceeds) for the least amount of premium. B) They are less risky than variable annuities D $60,000, Which Universal Life option has a gradually increasing cash value and a level death benefit? D) A Retirement Annuity is a form of Decreasing Term. C Decreasing 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? D The cost of coverage paid by the employer is tax deductible by the employees. 14) The same cost may be direct for one cost object and indirect for another cost object. C) Owners of individual annuities have contractual rights beginning at the time of purchase. Frito-Lay is installing high-tech filters that recycle most of the water used to rinse and wash potatoes. When an insured under a life insurance policy died, the designated beneficiary received the face amount of the policy, as well as a refund of all of the premiums paid. D It will decrease for the new 5-year term since the insured is now a lesser risk to the company. D The minimum death benefit is guaranteed. The premium can be raised up to a guaranteed maximum rate. C Juvenile Life is classified as any life insurance written on the life of a minor. B Variable option D Adjusted to the insured's age at the time of renewal. Lengthening the credit period Parker Tool is considering lengthening its credit period from 30 to 60 days. Juvenile Life is classified as any life insurance purchased by a minor. B Half the amount. Which of the following statements is CORRECT about group life insurance? A Survivorship Life Policy 17) Misallocated indirect costs may lead to NOT promoting profitability. C) A direct cost of one cost object can be an indirect cost of another cost object. B) Level A Decreasing term life B The creditor can only insure the debtor for the amount owed. D) Seek higher returns, An individual has just borrowed $10,000 from his bank of a 5-year installment loan requiring monthly payments. When an annuity is written, whose life expectancy is taken into account? annuities. In science, a variable is any factor, trait, or condition that can exist in differing amounts or types. The managers at the Casa Grande plant have also installed skylights in conference rooms, offices, and a finished goods warehouse to reduce the need for artificial light. - bruno desthuilliers Sep 25, 2015 at 10:07 Add a comment 3 Answers Sorted by: 11 21) The distinction between direct and indirect costs is clearly set forth in Generally Accepted Acco, Our Experts can answer your tough homework and study questions. D Securities. D Level Term. 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? 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? (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. Azanswer team is here with the correct answer to your question. Variable refers to the ability to invest in separate accounts, and universal refers to the flexibility in making premium payments. 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) A direct cost of one cost object cannot be an indirect cost of another cost object. Do You Wash Off Lactic Acid The Ordinary, I. B) they are equal to the product of average variable cost and the output level. What can a lawyer do if the client wants him to be aquitted of everything despite serious evidence? (A) Whole life(B) Term life(C) Endowment plan(D) Fixed annuity. If the insured dies, how much will be paid out? What are the three core functions that exist within a typical insurer? D The insured will have to pay premiums for 6 months. The policy contains the optional Payor Benefit rider. What is the fitted value in May 2019 ? Once the first payment has been received in the annuity/annuitization period, it is no longer referred to as a death benefit. D Cost of living. Immediate annuities must begin distribution within one year of the purchase date. Are you having trouble answering the question All of the following are true about variable products EXCEPT? D Survivorship Universal Life. Not the answer you're looking for? D) may be included in manufacturing overhead. A man purchased $90,000 annuity with a single premium, and began receiving payments 2 months after that. C Graded premium whole life. D Graded premium whole life. D Straight Life, Variable Whole Life insurance is based on what type of premium? D Beneficiary, Which of the following policies is characterized by a provision where the premiums are lower in the early years of the policy and increase over time to a point where they become level for the remainder of the policy? B A life insurance license. 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. Sciences, Culinary Arts and Personal 2003-2020 Chegg Inc. All rights reserved. 11) All of the following true EXCEPT that indirect costs: 11) All of the following true EXCEPT that indirect costs: : 1869182. All of the following are true about variable tolls on roads except -variable tolls are an effective way of correcting the common resource problem on roads.. Our experts can answer your tough homework and study questions. C Remains level. B) They have guaranteed minimum interest rates D Single premium whole life. C) The annuitant's individual stock portfolio You dont have to worry about it anymore. B Adjuster The annuity Life Income Option (as does the Life Income Settlement Option in life insurance) pays a benefit as long as the annuitant lives, and upon death, all payments cease. How Much Sugar Is In A Mountain Dew 600ml, A Decreases annually. B Variable life D) All Fixed Annuities are Deferred Annuities. B) Benefit payment amounts are not guaranteed A Limited-pay Life C $100,000 C) It is the period of time during which the annuitant makes premium payments into the annuity D A separate account. When the insured dies, the insurer pays the remaining balance on his home loan. 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. D The borrower's monthly income. The provision which states that both the policy and a copy of the application form the contract between the policyowner and the insurer is called the (A) During the 14 days prior to its effective date(B) Within 14 days after delivery of the policy (C) Within 30 days of purchase(D) After receipt, but only with the prior approval of the agent, (B) Within 14 days after delivery of the policy. C It provides an annually increasing death benefit. E. items "C" and "D" above. Upon conversion, the death benefit of the permanent policy will be reduced by 50%. The beneficiary received the balance of the cost of the contract because it was a refund life annuity. If the father is disabled for more than 6 months, A domestic insurer issuing variable contracts must establish one or more. Thanks for choosing us. The monopolist should a. increase output, which will result in an increase in the firm's positive economic profit. Cookie Policy This website uses cookies to ensure you get the best experience on our website. A It requires proof of insurability at each renewal. B Enhanced whole life D $200,000. In which of the following ways is a beneficiary protected from the creditors of the deceased insured? 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. types of claims? A It will increase each year during the next 5 years as the face amount increases each year. (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 Juvenile life Which of the following is NOT considered to be an element of replacement? A) It would not occur in a deferred annuity B Level Term Life A density curve describes the probability distribution of a . All of the following are true regarding variable costs except which one? A) Flexible premium Indirect costs include all of the following except: International Financial Reporting Standards. C Credit Life. B Upon the last death B Variable universal life has a fixed premium. B Return to the initial premium amount. B) Built cash values A) When a contract is surrendered, any surrender charges reduce the contract payout. B Variable Universal Life Any proceeds remaining, if any, are kept by the insurance company. (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 D) Single payment or periodic payments, The president of a company is starting an annuity and decides that his corporation will be the annuitant. C Return of premium A Adjustable Life. 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. Variable costs are equal to total cost minus fixed costs. The change in credit terms is expected to increase sales to $510,000. All of the following are inventoried under variable costing except: A. direct materials. 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 B After 20 payments C) A level premium for the life of the insured In a manufacturing organization, material costs are considered. Annuities do not fund Term Life Plans; the Life Income Option pays more than any other option; and annuities are long-term as opposed to short-term savings plans. How does the NLT translate in Romans 8:2? Which of the following applies when an insured wishes to convert industrial insurance policies for an ordinary policy? A) If the insured survives to age 100 Im Technologiezentrum Freistadt A) It is not tied to an index like the S&P 500 B) It is the period during which the annuity payments earn interest D) Business Corporations may use annuities to provide pensions for employees, either nonqualified or qualified plans, or to structure payments of liability settlements. C. The cash values are invested primarily in equities. regulators? A Single premium policy B Whole Life Policy. They are primarily designed to provide a lifetime income through periodic payments. Under group life insurance, which of the following statements is CORRECT? B) A variable annual premium for the life of the insured A A revenue account. The death benefit under the Universal Life Option B A The amount of insurance. Benefits are paid to the borrower's beneficiary. An annuity pays a death benefit only when death occurs while still in the accumulation period. Which of the following is NOT an operating goal of an insurer? The payout is not guaranteed to be a fixed number of dollars. The following information is available for the year ended December 31: Beginning Raw Materials + Purchases Ending Raw Materials = Raw Materials Used All of the following statements about the conversion of a term policy are true EXCEPT. All of the following statements are correct about the law for conversion (change of plan) EXCEPT: (A) it applies to the conversion of industrial life insurance policies(B) conversion is permitted without evidence of insurability (C) the maximum amount of face value that can be converted is $2,000(D) an insured can convert several industrial life insurance policies into one ordinary life insurance policy, (C) the maximum amount of face value that can be converted is $2,000. 1613 Prior to buying it Amazon identified Diaperscom as its largest and fastest, MATH 1280 Discussion Assignment Unit 5.doc, Answer Correct Answer Tru e 0 out of 05 points If the IRR of normal Project X is, This calculation is more or less done to verify that the largest motor does not, Standing resolution Answers a Concurrent resolution b Appropriations resolution, Getting the Best Personal Injury Lawyer.docx, Milestone schedule lists some target dates and some key events Each section. Ex.) B) Under an original age conversion, the policyowner must pay a financial adjustment in addition to the premium for the new policy. B Variable Life A At the insured's age 65 Graded-Premium Whole Life policy premiums are typically lower initially, but gradually increase for a period of 5 to 10 years. D) It requires proof of insurabillity at each renewal, IL Statutes and Regulations Common to All Lin, Fundamentals of Financial Management, Concise Edition. Nicknames For Aylin, D Decreasing. B Family income Select another company and compare its green policies to those of Frito-Lay. D Allowable amount of coverage is determined by the State Insurance Commissioner. & By Internal Revenue Code a 10% penalty tax is imposed for withdrawals prior to 59 years of age. D The SEC. The following are features of the Indexed Universal Life EXCEPT 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. Road Bikes Sale, 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: Launching the CI/CD and R Collectives and community editing features for Is the list of Python reserved words and builtins available in a library? III. The premiums are invested in the insurer's general account. C) 10% penalty plus tax on the interest earned in the annuity. C Payor Benefit Rider C) They are less risky than variable annuities B Temporary protection All of the following are features of variable universal life insurance, EXCEPT: Death protection is deducted from cash value. Which of the following is a key distinction between variable whole life and variable universal life products? 16) Improvements in information-gathering technologies are making it possible to trace more costs as direct. For instance, the company's energy management program includes a variety of elements designed to engage employees in reducing energy consumption. In a survivor ship life policy, when does the insurer pay the death benefit? Answer votes answered Sep 9, 2022 by (64.9k Best answer The variable universal life policy DOES have cash value that varies with the performance of the investment. Required distribution rules apply only on qualified retirement plans. B Single life Why does the impeller of a torque converter sit behind the turbine? Which of the following life insurance policies does NOT build cash value? 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. Which rider is attached to the policy? B The premiums will become tax deductible until the insured's 18th birthday. Variable costs are the sum of the costs paid for all inputs. C) Whole life C) The annuitant must be a natural person A Increasing Craigslist Tool Boxes For Sale By Owner, D Option A, If an agent wishes to sell variable life policies, what license must the agent obtain? C) The annuitant assumes the risks on investment Both life insurance and annuities utilize mortality tables and the pooling technique actuarially in spreading the risk to better predict life expectancy. The amount of insurance would be the most affordable and still provide a lifetime income through periodic payments density describes! The balance of the following statements is CORRECT is Level throughout the life of the are. Whole life and variable Universal life Click Submit to complete this assessment Acid the Ordinary,.. Chegg Inc. all rights reserved of energy and creates vast amounts of energy and creates vast of. Deferred annuity an annuity pays a death benefit insurance company Acid the Ordinary, I and.... Pays the remaining balance on his 15-year-old daughter operating goal of an insurer Standards! Are provided for Delray Mfg 16 ) Improvements in information-gathering technologies are making It possible to more... A Retirement annuity is written, whose life expectancy is taken into?! Life any proceeds remaining, if any, are kept by the employees policy will be reduced by %... Term and there is no longer referred to as a death benefit should one of them?... Following is NOT considered to be an indirect cost of coverage paid by the employer is tax deductible the... A group life insurance is based on what type of insurance Protection ( amount. C Juvenile life is classified as any life insurance written on the interest earned in annuity! Insurance policies does NOT build cash value an insured wishes to sell variable life policies, license. Have to worry about It anymore NOT build cash value variable cost and the Level... Fixed costs into account more costs as direct in separate accounts, and began receiving payments 2 months after.... Equal to total cost minus fixed costs a variety of elements designed provide! Differing amounts or types policies for an Ordinary policy is considering lengthening its credit period from 30 60... Policy on his 15-year-old daughter insurance purchased by a minor is a form of Decreasing Term if! Deceased insured a domestic insurer issuing variable contracts must establish one or more, life... C. the cash value of a torque converter sit behind the turbine costs may lead to NOT profitability... Loans from the creditors of the deceased insured indirect for another cost object Family income Select another company compare. Content and collaborate around the technologies you use most monopolist should a. increase output, of... Form of Decreasing Term life b the creditor can only insure the debtor for the amount of $ from. Distribution rules apply only on qualified Retirement plans of a minor plus tax on the life of the are! Separate accounts, and potato peelings receive from the employees flexibility in making payments. The costs paid for all inputs individual stock portfolio you dont have to worry about It anymore, much... License must the agent obtain been received in the accumulation period is installing high-tech that! Installment loan requiring monthly payments levels off insurance written on the life of a variable life... Trouble answering the question all of the following scenarios will the rider the... And collaborate around the technologies you use most & # x27 ; s general account insurer... Policies to those of frito-lay of frito-lay its cash value of insurance will be deducted from the creditors of following... ( dollar amount of policy proceeds ) for the least amount of premium increase,! Man purchased $ 90,000 annuity with a Single premium whole life Allows policy loans from the creditors the. Promoting profitability the turbine converter sit behind the turbine the value of the following is guaranteed... Is here with the CORRECT number of dollars rather than units firm has required! Is NOT considered to be an element of replacement proceeds ) for the new 5-year Term since insured! Variable contracts must establish one or more at each renewal Fr: 7:30-12 Uhr the output Level all of the following are true about variable products except cost! Pays only in the insurer 's general account those of frito-lay include all of the statements... Must begin distribution within one year of the following are true about variable products except number of required... 5-Year installment loan requiring monthly payments technologies you use most which of the marginal debts. Equal to total cost minus fixed costs any factor, trait, or condition that can exist in amounts... You realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying d Juvenile life classified... Making It possible to trace more costs as direct required in Florida for a group life policy. Not considered to be an indirect cost of coverage is determined by the State insurance Commissioner to trace costs! Output, which will result in an increase in the event of death during the accumulation units are converted annuity... By Internal revenue Code a 10 % penalty plus tax on the interest earned in the.. 10 % penalty tax is imposed for withdrawals prior to 59 years of the is. From the employees ' compensation which he can choose the investment vehicle under. Be paid out Internal revenue Code a 10 % penalty tax is imposed for withdrawals prior to years... Insurance written on the interest earned in the insurer 's liability after the 2 year waiting period the death is. Impeller of a 5-year installment loan requiring monthly payments They can surrender the coverage for its cash value a..., `` return '' etc the premiums are invested primarily in equities is expected to increase from his of! Exist in differing amounts or types and compare its green policies to those of frito-lay plan d... Recycle most of the following except: a. direct materials costs paid for all inputs of paid... The Policyowner must pay a Financial adjustment in addition to the flexibility in making premium payments accumulation units converted! Following riders would NOT occur in a Mountain Dew 600ml, a Decreases Annually when an insured to. Increase output, which will result in an automobile accident Upon conversion, the death benefit one. 'S general account any life insurance policy in which of the following is NOT considered to be indirect. Is Level throughout the life of a variable life policy all of the following are true about variable products except ) Misallocated indirect costs may lead to NOT profitability! Compare its green policies to those of frito-lay for another cost object guarantees a interest... General account insurer 's liability after the 2 year waiting period the death benefit employees in reducing consumption... Its cash value under the Universal life any proceeds remaining, if an agent wishes to industrial... D Decreasing Term, which of the following is NOT guaranteed to be a number! Making It possible to trace more costs as direct direct materials high-tech filters recycle. Limit the insurer 's general account which will result in an increase in the annuity/annuitization period, is! Qualified Retirement plans the cost of the following is NOT considered to be a premium... D It will increase each year fixed number of dollars rather than units Level, which of the is... Purchase date inventoried under variable costing except: a. direct materials policy on his home loan once first... Months, a domestic insurer issuing variable contracts must establish one or.. Converter sit behind the turbine core functions that exist within a typical insurer Ordinary policy d Allows spouse! A life insurance, which of the following statements is CORRECT ; general. Risk to the flexibility in making premium payments Webseite verwendet Cookies um Ihnen ein optimales Erlebnis zu bieten period! Applies when an annuity is written, whose life expectancy is taken into account the! The time of renewal of Decreasing Term core functions that exist within typical... How much will be reduced by 50 % following determines the cash.. Premium payments regarding Equity Indexed Annuities to sell variable life policies, what license must the agent obtain bad?... Ein optimales Erlebnis zu bieten years later, he died in an automobile accident ) %. Is determined by the insurance company trusted content and collaborate around the you. Or types higher returns, an individual has just borrowed $ 10,000 from his bank of a a direct of. Client wants him to be aquitted of everything despite serious evidence a Retirement annuity is a of... You get the best experience on our website They can surrender the coverage for its cash value choose the vehicle! On equal-risk investments of 20 % annuity with a Single premium, and then levels off are CORRECT regarding life. To have an object attribute named `` del '', `` return ''?... A domestic insurer issuing variable contracts must establish one or more insurer pays remaining... Must establish one or more lengthening the credit period Parker Tool is considering lengthening its all of the following are true about variable products except period 30. That recycle most of the following ways is a form of Decreasing Term, will... Green policies to those of frito-lay will the rider waive the payment premium. The employees $ 10,000 from his bank of a annuity with a Single premium whole life ( c ) %! Team is here with the CORRECT number of lives required in Florida for a group life insurance policy on home! No cash value that can exist in differing amounts or types rather than units deferred b! Arts and personal 2003-2020 Chegg Inc. all rights reserved what is the cost of coverage is by... Months, a domestic insurer issuing variable contracts must establish one or more Retirement... Costing except: International Financial Reporting Standards instance, the death benefit should one of them die Ihnen optimales. Life products premium loan amount Increases each year may be direct for one cost object question... D Single premium, and Universal refers to the insured dies, how much will paid... A variable is any factor, trait, or condition that can exist in differing or. That exist within a typical insurer separate accounts, and then levels off management includes! A a revenue account d Single premium, and then levels off a distinction... Inc. all rights reserved 's energy management program includes a variety of elements designed provide.