Homework Answers
And is = option 3 that is both I and II are true because ,.
Social security survivor benefits provide income to the families workers who are deceased (dead) if you are eligible for this social security survivor benefits then in your absence your spouse is eligible for this benefits.
Yes it is true that universal life insurance is the simplest type of insurance policy and it is most affordable that anyone can buy this policy
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Which of the following is/are true? I. Social Security survivor's benefits are benefits under Social Security intended...
Question 9 (0.5 points) Saved Which of the following statements regarding Social Security benefits is true?...
Question 9 (0.5 points) Saved Which of the following statements regarding Social Security benefits is true? Social Security benefits are retirement benefits extended only to self-employed people. 2) For the average wage earner, Social Security benefits match a percentage of the income earned in the year before retirement 3) Social Security benefits are available to military personnel only. 42 Social Security benefits may be reduced if the recipient is under age 55 and still gainfully employed. 5. To obtain Social...
13. Which one of the following is TRUE about Social Security disability income? a. To qualify,...
13. Which one of the following is TRUE about Social Security disability income? a. To qualify, the least strict definition of disability must be met. b. There is no elimination period. c. Benefits depend on previous earnings history. d. You can collect even if you haven't worked in the last 10 years. 14. Which one of the following is the least strict definition of disability? Own occupation Any occupation for which reasonably suited The Social Security definition Confined to your...
Part II. Which type of Social Security benefit is being described for the following? Retired people...
Part II. Which type of Social Security benefit is being described for the following? Retired people aged 65 or older can utilize this for medical and hospital insurance and prescription drug coverage. Individuals can receive these benefits as early as age 6 An employee and certain family members may qualify for benefits based on the person’s work history if the employee has a medical condition that prevents the employee from working. This is a form of life insurance that is...
Besides the items already mentioned, the Clarks have the following receipts for 2017: Social Security benefits...
Besides the items already mentioned, the Clarks have the following receipts for 2017: Social Security benefits (Andy, $12,000; Sarah, $6,000) $18,000 Consulting income paid by Pelican (including expense reimbursement of $11,150) 35,000 Life insurance proceeds (see below) 50,000 Qualified dividend income (reported on separate Forms 1099–DIV): Ragusa Corporation 1,200 Pelican Power 400 Interest income (reported on separate Forms 1099–INT): IBM bonds 600 CD at First National Bank of McKinney 400 Wells Fargo money market fund 300 City of Beaumont (TX)...
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...
Which of the following is true of workers' compensation? a. It is aimed at helping people...
Which of the following is true of workers' compensation? a. It is aimed at helping people who have chronic problems with alcohol or drugs. b. The exact premium paid for workers' compensation insurance is a function of each employee's salary. c. Employers pay the cost of workers' compensation insurance d. It is provided to people who are between jobs is intended to provide a basic subsistence payment to employees who are between jobs-that is, for people who have stopped working...
22. Which one of the following is TRUE? Only you (not your employer) pay your Social...
22. Which one of the following is TRUE? Only you (not your employer) pay your Social Security tax. b. Both your earned and uneared income is taxed for Social Security c. There is a cap on the amount of your earned income that is taxed for Medicare. There is a cap on the amount of your earned income that is taxed for Social Security. e. None of the above are TRUE. 23. Which one of the following is TRUE about...
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 is true about a guaranteed renewable long-term care policy? Question 6...
Which of the following statements is true about a guaranteed renewable long-term care policy? Question 6 options: 1) Benefits are taxable. 2) Premiums are never tax deductible. 3) The policy is non-cancellable. 4) Premiums cannot be increased by the insurer unless they are increased for the entire rating class. 5) Premiums cannot increase for any reason. Question 7 (0.5 points) Health insurance coverage can include: Question 7 options: 1) group plans. 2) workers' compensation. 3) social security. 4) veteran's benefits....
A homeowners' policy will typically pay up to $500 per plant that is damaged by a...
A homeowners' policy will typically pay up to $500 per plant that is damaged by a covered peril. This is an example of: an aggregate dollar limit an open perils dollar limit C. a specific dollar limit a mixed dollar limit none of the above e. You purchase an annuity for which you will make one payment of $15,000 on your 50 birthday. The annuity will start paying you $400 a month on your 67" birthday until you die. What...
Question 9 (0.5 points) Saved Which of the following statements regarding Social Security benefits is true? Social Security benefits are retirement benefits extended only to self-employed people. 2) For the average wage earner, Social Security benefits match a percentage of the income earned in the year before retirement 3) Social Security benefits are available to military personnel only. 42 Social Security benefits may be reduced if the recipient is under age 55 and still gainfully employed. 5. To obtain Social...
13. Which one of the following is TRUE about Social Security disability income? a. To qualify, the least strict definition of disability must be met. b. There is no elimination period. c. Benefits depend on previous earnings history. d. You can collect even if you haven't worked in the last 10 years. 14. Which one of the following is the least strict definition of disability? Own occupation Any occupation for which reasonably suited The Social Security definition Confined to your...
Which of the following is true of workers' compensation? a. It is aimed at helping people who have chronic problems with alcohol or drugs. b. The exact premium paid for workers' compensation insurance is a function of each employee's salary. c. Employers pay the cost of workers' compensation insurance d. It is provided to people who are between jobs is intended to provide a basic subsistence payment to employees who are between jobs-that is, for people who have stopped working...
22. Which one of the following is TRUE? Only you (not your employer) pay your Social Security tax. b. Both your earned and uneared income is taxed for Social Security c. There is a cap on the amount of your earned income that is taxed for Medicare. There is a cap on the amount of your earned income that is taxed for Social Security. e. None of the above are TRUE. 23. Which one of the following is TRUE about...
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
A homeowners' policy will typically pay up to $500 per plant that is damaged by a covered peril. This is an example of: an aggregate dollar limit an open perils dollar limit C. a specific dollar limit a mixed dollar limit none of the above e. You purchase an annuity for which you will make one payment of $15,000 on your 50 birthday. The annuity will start paying you $400 a month on your 67" birthday until you die. What...
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