Homework Answers
Only statement 'II' is only correct
Annuity payments will be higher if the annuity is funded with life insurance cash value rather than outside funds.
Annuities are the opposite of Life Insurance. the value of annuity units fluctuates over time
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21) Which of the following statements is (are) true with respect to annuities? 1. The fundamental...
14) Which of the following statements about life income settlement options is (are) true 1. Under...
14) Which of the following statements about life income settlement options is (are) true?I. Under a joint-and-survivor life income option, payments cease at the death of the second (last) surviving) annuitant,II. Under a life income with guaranteed period, a contingent beneficiary is guaranteed a minimum number of payments regardless of when the primary beneficiary dies.A) I onlyB) II onlyC) both I and II]D) neither I nor II15) Bruce left a question about heart disease blank on his life insurance application...
20) Which of the following statements about life insurance policy loans is (are) true? Interest is...
20) Which of the following statements about life insurance policy loans is (are) true? Interest is not required on a life insurance policy loan, as the policyholder is borrowing his or I. her own money. II. Policy loans must be repaid within 3 years or the policy will lapse. A) I only B) II only C) both I and II D) neither I nor II o annuities?.
14) Which of the following statements about life income settlement options is (are) true? I. Under...
14) Which of the following statements about life income settlement options is (are) true? I. Under a joint-and-survivor life income option, payments cease at the death of the first annuitant. II. Under a life income with guaranteed period, a contingent beneficiary is guaranteed a minimum number of payments regardless of when the primary beneficiary dies. A) I only B) II only C) both I and II D) neither I nor II
Which of the following statements about an insurable interest in life insurance is (are) true? I....
Which of the following statements about an insurable interest in life insurance is (are) true? I. It is required of any person named as beneficiary. II. It must exist at the time the life insurance is purchased. OI only Oll only both I and II neither I nor 11 Which of the following statements about an insurable interest in life insurance is (are) true? 1. It is required of any person named as beneficiary. II. It must exist at the...
+) Which of the following statements about wearly renewable tem insurance is are) true. 1. It...
+) Which of the following statements about wearly renewable tem insurance is are) true. 1. It does not require evidence of insurability for renewal. 11. The rate paid by the insured will increase on each renewal, but the rate schedule is known. A) I only B) II only C) both I and II D) neither I nor II
11) Which of the following statements about dividend options is (are) true! ! The interest on...
11) Which of the following statements about dividend options is (are) true! ! The interest on dividends left to accumulate with the insurer is not considered to be taxable income. II. Dividends paid on life insurance policies are not taxable for federal income tax purposes A) I only B) II only C) both I and II D) neither I nor II
1. Which of the following statements concerning insurance underwriting is (are) correct? I. Underwriting is the...
1. Which of the following statements concerning insurance underwriting is (are) correct? I. Underwriting is the selection and pricing of insurance applications that are offered to an insurer. II. Underwriting attempts to avoid adverse selection by individuals who purchase insurance. A I only B. II only C. Both I and II D. Neither I nor II 2. Which of the following statements concerning modified endowment contracts (MECs) is (are) correct? I. Any policy that is paid up prior to age...
18) Which of the following statements is (are) false concerning settlement options? 1. A straight life...
18) Which of the following statements is (are) false concerning settlement options? 1. A straight life annuity provides the highest amount of periodic income of all the life income options. II. The interest only option is the most often used settlement option. A) I only B) II only C) both I and II D) neither I nor II
Which of the following is/are true for the average accounting return method of project analysis? 1....
Which of the following is/are true for the average accounting return method of project analysis? 1. does not need a cutoff rate II. ignores time value of money III. is based on project's cash flows IV. easily obtainable information for computation Multiple Choice I and IV only II and IV only ooo Tonly I, II, III, and IV I, II, and IV only Which of the following statements related to annuities and perpetuities is/are correct? 1. Most loans are a...
I need help answering questions 17-25 please! 17. At the age of 68, Seth elected a...
I need help answering questions 17-25 please!
17. At the age of 68, Seth elected a life and 10-year term certain option for the payout of his $100,000 annuity. All of the following statements are true EXCEPT: a. The annuity will make income payments for a minimum of 10 years. b. Seth will receive an income stream for as long as he lives. C. At Seth's death, his beneficiary will receive a minimum of $100,000. d. If Seth were to...
20) Which of the following statements about life insurance policy loans is (are) true? Interest is not required on a life insurance policy loan, as the policyholder is borrowing his or I. her own money. II. Policy loans must be repaid within 3 years or the policy will lapse. A) I only B) II only C) both I and II D) neither I nor II o annuities?.
14) Which of the following statements about life income settlement options is (are) true? I. Under a joint-and-survivor life income option, payments cease at the death of the first annuitant. II. Under a life income with guaranteed period, a contingent beneficiary is guaranteed a minimum number of payments regardless of when the primary beneficiary dies. A) I only B) II only C) both I and II D) neither I nor II
Which of the following statements about an insurable interest in life insurance is (are) true? I. It is required of any person named as beneficiary. II. It must exist at the time the life insurance is purchased. OI only Oll only both I and II neither I nor 11 Which of the following statements about an insurable interest in life insurance is (are) true? 1. It is required of any person named as beneficiary. II. It must exist at the...
+) Which of the following statements about wearly renewable tem insurance is are) true. 1. It does not require evidence of insurability for renewal. 11. The rate paid by the insured will increase on each renewal, but the rate schedule is known. A) I only B) II only C) both I and II D) neither I nor II
11) Which of the following statements about dividend options is (are) true! ! The interest on dividends left to accumulate with the insurer is not considered to be taxable income. II. Dividends paid on life insurance policies are not taxable for federal income tax purposes A) I only B) II only C) both I and II D) neither I nor II
18) Which of the following statements is (are) false concerning settlement options? 1. A straight life annuity provides the highest amount of periodic income of all the life income options. II. The interest only option is the most often used settlement option. A) I only B) II only C) both I and II D) neither I nor II
Which of the following is/are true for the average accounting return method of project analysis? 1. does not need a cutoff rate II. ignores time value of money III. is based on project's cash flows IV. easily obtainable information for computation Multiple Choice I and IV only II and IV only ooo Tonly I, II, III, and IV I, II, and IV only Which of the following statements related to annuities and perpetuities is/are correct? 1. Most loans are a...
I need help answering questions 17-25 please!
17. At the age of 68, Seth elected a life and 10-year term certain option for the payout of his $100,000 annuity. All of the following statements are true EXCEPT: a. The annuity will make income payments for a minimum of 10 years. b. Seth will receive an income stream for as long as he lives. C. At Seth's death, his beneficiary will receive a minimum of $100,000. d. If Seth were to...
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