Homework Answers
The answer is Option D because when a change is made the beneficiary cannot make a claim. As in the statement at the last time, Mary changed the terms of her policy and the beneficiary also get changed.
Even Geoff was not vested but he cannot make a claim due to change in the terms of the policy.
Answer is a. Geoff was never vested
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Julia Baker died leaving to her husband John an insurance policy contract that provides that the...
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Problem 6-5 (Part Level Submission) Julia Baker died, leaving to her husband John an insurance policy...
Problem 6-5 (Part Level Submission) Julia Baker died, leaving to her husband John an insurance policy contract that provides that the beneficiary (John) can choose any one of the following four options. Money is worth 2.50% per quarter, compounded quarterly. Compute Present value if: Click here to view factor tables (a) x Your answer is incorrect. Try again. (a) $55,260 immediate cash. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,581.)...
3. Mary's husband Ben died during the current year. She was the beneficiary of his life insurance policy in the face amount of $300,000. Because Mary likes to go on expensive vacations, she is concerned that she will spend all the money in a few months. She decides to leave the money with the insurance company and will take the money out over a period of ten years. In the current year, Mary receives a check for $34,000 from the...
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Problem 6-5 (Part Level Submission) Julia Baker died, leaving to her husband John an insurance policy contract that provides that the beneficiary (John) can choose any one of the following four options. Money is worth 2.50% per quarter, compounded quarterly. Compute Present value if: Click here to view factor tables (a) x Your answer is incorrect. Try again. (a) $55,260 immediate cash. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,581.)...
Julia Baker died leaving to her husband John an insurance policy contract that provides that the beneficiary quarter, compounded quarterly. Compute Present value if: o n can choose anyone of the follo in our option one, swo 250 per (a) $59,630 immediate cash. (Round factor values to 5 decimal places,e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Present value s (b) $4,110 every 3 months payable at the end of each quarter for 5 years. (Round factor...
Problem 6-5 (Part Level Submission) Julia Baker died, leaving to her husband John an insurance policy contract that provides that the beneficiary (John) can choose any one of the following four options. Money is worth 2.50% per quarter, compounded quarterly. Compute Present value if: Click here to view factor tables (a) x Your answer is incorrect. Try again. (a) $55,260 immediate cash. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,581.)...
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