D) Seek higher returns, An individual has just borrowed $10,000 from his bank of a 5-year installment loan requiring monthly payments. Which of the following is correct regarding credit life insurance? A Adjustable Life Are you having trouble answering the question All of the following are true about variable products EXCEPT? C Universal Life - Option A A Securities More fuel-efficient ovens recapture heat from exhaust stacks. C) The premium mode D) Surrender charges could occur if cancelled in early years. C Debtor is the policy beneficiary. C Insurer D FINRA registration. Which of the following policies would be classified as a traditional level premium contract? A Dividend The solar power is being converted into heat and used to cook Sun Chips. Variable life insurance policies involve all of the following EXCEPT: (A) an approach to counter the effects of inflation(B) compliance with the Securities and Exchange Commission(C) benefits that vary with investment experience(D) a traditional approach to term life insurance, (D) a traditional approach to term life insurance. C) A level premium for the life of the insured Explain your reasoning. The company, for example, advertises that its popular Sun Chips snacks are made using solar energy. B) Decreasing A Complete contract. D Creditor is the policyowner. A) It would not occur in a deferred annuity C It insures the life of a debtor. D Adjustable death benefit. A Return of Premium term life policy is written as what type of term coverage? Why does the impeller of a torque converter sit behind the turbine? C Accumulation of cash value An annuity only pays a death benefit during the accumulation (contribution) period. (C) The minimum death benefit is guaranteed. D Be level thereafter. B The amount to be repaid under the contract. Has China expressed the desire to claim Outer Manchuria recently? A) An index like standard & Poor's 500 C The premium is level throughout the life of the policy. B) They invest on a conservative basis Maryland Basketball Recruiting Crystal Ball 2020, When the breadwinner that is insured by a Family Policy dies, what rights are provided to other family members that are covered under the policy? B Enhanced whole life Question : 11) All of the following true EXCEPT that indirect costs: : 1869182. C) 10% penalty plus tax on the interest earned in the annuity. Cause and effect relationships explain why things happen and allow you to reliably predict the outcomes of . A Modified Endowment Contract (MEC). (Note: Assume a 365-day year.). Which of the following is true? 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. The death benefit can be increased by providing evidence of insurability. Has Microsoft lowered its Windows 11 eligibility criteria. C Fixed-amount We reviewed their content and use your feedback to keep the quality high. C Family Income Policy A) The contract pays only in the event of death during the term and there is no cash value 0 A. O B. 16) Improvements in information-gathering technologies are making it possible to trace more costs as direct. Which of the following policies would most likely fit his needs? B Surplus Lines ScholarOn, 10685-B Hazelhurst Dr. # 25977, Houston, TX 77043,USA. 11) All of the following statements about variable costs are true EXCEPT 11) A) they are constant as output increases. A The cost of coverage is a deductible expense by the employer. B Required a premium increase each renewal. Which statement is NOT true regarding a Straight Life policy? C Limited pay whole life Which of the following is TRUE regarding the insurance amount in a credit life policy? How much will his wife receive from the policy? Book about a good dark lord, think "not Sauron". 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. Thanks for choosing us. 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. 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? Which of the following determines the cash value of a variable life policy? A) Increasing or Decreasing Note that Python doesn't have that many keywords and that any half-decent code editor should identify and hilight them properly. Twin brothers are starting a new business. D) An increasing annual premium for the life of the insured, C) A level premium for the life of the insured, Which of the following is NOT true regarding Equity Indexed Annuities? B Grace period Which policy is that? Vat Suspense Account, A) If the insured survives to age 100 C Mortgage Redemption When an annuity is written, whose life expectancy is taken into account? D Securities. May be converted to permanent insurance for the children without requiring evidence of insurability. A Determined by the health of the insured. D Company, A married couple owns a permanent policy which covers both of their lives and pays the death benefit only upon the death of the first insured. C) Upon the first death B The type of investment. C) The annuitant must be a natural person A Indexed Universal Life A monopolist produces 14,000 units of output and charges $14 per unit. To sign up you must be 13 or older. All other factors being equal, what would the premium be like in a survivor ship life policy as compared to the premium in a joint life policy? D Option B. B Return to the initial premium amount. B Guaranteed Universal Life Which of the following is an example of a limited-pay life policy? Which type of policy would he most likely buy? (A) Conversion rule(B) Disclosure rule(C) Replacement rule(D) Reinstatement rule. B It has a maximum term of 20 years. All of the following are true about variable products except? Which of the following is a requirement of a participating life insurance policy? 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? Which of the following life insurance policies is designed to cover two people and pay benefits after both insureds have died? C Surplus Lines C Face amount Monthly, Quarterly, Annually, etc. B) Contributions may be as often and as large as the owner desires. He discovered that this policy A) Flexible premium D Required proof of insurability every year. During what period is a new life insurance policyowner entitled to review a policy and return it for a full refund? B Jumping juvenile policy A Renewable Term to Age 70 A If the insured survives to age 100 All of the following are true about perfect competition firms EXCEPT: a. Like many other large corporations, Frito-Lay is striving to establish its green credentials as consumers become more focused on environmental issues. If the father becomes disabled, what will happen to the life insurance premiums? The LEAST expensive first-year premium is found in which of the following policies? C) Renewable o There is only one independent variable. An annuity pays a death benefit only when death occurs while still in the accumulation period. B Modified Endowment Contract (MEC). B After 20 payments Which of the following types of policies allows for a flexible premium and a variable investment component? Which of the following applies to retirement plans in Florida? D They can surrender the coverage for its cash value. Any proceeds remaining, if any, are kept by the insurance company. A The insured's premiums will be waived until she is 21. Which of the following allows the insurer to relieve a minor insured from premium payments if the minor's parents have died or become disabled? A The company's general account A) They have guaranteed minimum interest rates 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. Gerald would be able to choose where he wants his premiums invested with a variable life insurance policy. All of the following are true about variable products EXCEPT A)Policyowners bear the investment risk. C) A direct cost of one cost object can be an indirect cost of another cost object. D Gradually increases each year by the amount that the cash value increases. These elements include scorecards and customized action plans that empower employees and recognize their achievements. The death benefit under the Universal Life Option B Your client wants both protection and savings from the insurance, and is willing to pay premiums until retirement at age 65. Which of the following is TRUE regarding an indeterminate premium whole life policy? A The coverage period Concerning Juvenile Life insurance, which of the following statements is INCORRECT? D Graded premium whole life. C Most term policies contain a convertibility option. Which rider is attached to the policy? Nitv Cvsa Training, A) Level Term Life Azanswer team is here with the correct answer to your question. Recognizing the environmental impact, the firm is an aggressive "green manufacturer," with major initiatives in resource reduction and sustainability. D Personal Lines. A The borrower's annual income. You can test whether something is a keyword or not using the keyword module, https://docs.python.org/2/library/keyword.html. B) Built cash values C Personal Lines D) Payments are made in terms of dollars rather than units. C Level fixed Which type of life insurance provision/rider does this describe? 11) All of the following are true EXCEPT that indirect costs: A) may be included in prime costs. What is the difference between Form 940 and Form 941? C Level term life. C Decreasing Term (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 Option B What type of annuity is it? C) Life Paid-up at Age 65 b. a new system of accounting for capital depreciation. A) Are more risky than variable annuities They know it will take several years to build the business to the point that they can pay off the debt incurred in starting the business. D Universal Life - Option B. All of the following statements are correct about policy loan interest rates EXCEPT: (A) an insurance company can charge a fixed rate of interest up to a maximum of 10%, with some restrictions(B) an adjustable interest rate can be used if the insurance company follows a national corporate bond index(C) an adjustable interest rate can be used if the limit is based on the average monthly published interest rate set by Moodys(D) policy loan interest rates were set by the Office of Insurance Regulation in 1933 and may not be changed, (D) policy loan interest rates were set by the Office of Insurance Regulation in 1933 and may not be changed. B Cash value growth Does Python have private variables in classes? Buddha Twitch Age, EPnet investiert laufend in die Weiterentwicklung des Versorgungsgebietes im Unteren Mhlviertel, um Ihnen beste Produkte und neueste Technologien anbieten zu knnen. 1 Python's compiler is your "variable name validator" - as you just found out. B Entire contract. Which of the following statements is correct regarding this change? D Survivorship Universal Life. Which of the following is a requirement that a professional association must meet to obtain group insurance? For variable products, underlying assets must be kept in D)The cash value is not guaranteed. By clicking Accept all cookies, you agree Stack Exchange can store cookies on your device and disclose information in accordance with our Cookie Policy. 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. Why doesn't the federal government manage Sandia National Laboratories? 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 biomass boiler, which will burn agricultural waste, is also planned to provide additional renewable fuel. 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. But the continuing battle for resource reduction continues. What problems can you foresee and what advice would you give to your friend? Which of the following best describes annually renewable term insurance? B The mortality expense Should I avoid using "str" as a variable name in Python? A) The company guarantees a minimum interest rate 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. D Limited Term, What is the purpose of a suicide provision within a life insurance policy? Start-up costs are an important consideration when starting a new business. C Whole Life Policy Which of the following is the primary reason insurer solvency is monitored by
B) They have guaranteed minimum interest rates What kind of policy issues certificates of insurance to insureds? C. D. Variable costs change with changes in output. D The SEC. The firm has a required rate of return on equal-risk investments of 20%. Answer A is correct. C Decreasing Term C Since it is the policyowner, and not the insured, who has become disabled, the life insurance policy will not be affected. Site design / logo 2023 Stack Exchange Inc; user contributions licensed under CC BY-SA. Which of the following types of policies would be best for B? D) All Fixed Annuities are Deferred Annuities. The snack food maker earned its spot in the National Environmental Performance Task Program by maintaining a sustained environmental compliance record and making new commitments to reduce, reuse, and recycle at this facility. B A life insurance license. 3. The policy contains the optional Payor Benefit rider. C Discounted. 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. A) Neither the premium nor the death benefit is affected by the insured's age Which of the following riders would NOT cause the Death Benefit to increase? C) Invest conservatively This E-mail is already registered as a Premium Member with us. (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. Burn My Dread Lyrics, C) Most term policies contain a convertibility option the language, and cannot be used as ordinary identifiers. Which of the following features of the Indexed Whole Life policy is NOT fixed? 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. D) It may last for the lifetime of the annuitant, D) It may last for the lifetime of the annuitant, All of the following entities regulate variable life policies except All of the following are true regarding variable costs except which one? Installments will fluctuate with the market value of securities. (A) This is not permitted under Florida law(B) It is possible to convert $3,000 or more of industrial insurance(C) Any such conversion requires a physical examination (D) The multiple policies can only be reissued as one industrial policy, (B) It is possible to convert $3,000 or more of industrial insurance. V. Insured. D Payor Benefit, An insured purchased a variable life insurance policy with a face amount of $50,000. A Adjustable Life. A) Increasing C The cost of coverage paid by the employer is taxed to the employees. B) The death benefit cannot be increased Craigslist Tool Boxes For Sale By Owner, C) Increasing Both life insurance and annuities utilize mortality tables and the pooling technique actuarially in spreading the risk to better predict life expectancy. C) Whole life D It is purchased on an installment basis. B) Level fixed premium t will increase because the insured will be 5 years older than when the policy was originally purchased. All of the following are expensed under variable costing except: A. variable manufacturing overhead. Which of the following is the CORRECT number of lives required in Florida for a group life insurance policy? C Variable Universal Life D Decreasing term. Frito-Lay has also built over 50 acres of solar concentrators behind its Modesto, California, plant to generate solar power. B The policy's guarantees. B) The annuitant B) Upon the last death A Variable whole life allows policy loans from the cash value. B The premiums will become tax deductible until the insured's 18th birthday. B) They invest on a conservative basis A It requires proof of insurability at each renewal. What information does Form W-3 contain? C Total contract. C Option A For 20 years or until death, whichever occurs first. D) The owner, An agent selling variable annuities must be registered with The goal is zero waste to landfills. C) It is the period of time during which the annuitant makes premium payments into the annuity Universal life and variable universal life insurance have flexible premiums. D Renewable Term Policy. Vacuum hoses that pull moisture from potato slices to recapture the water and to reduce the amount of heat needed to cook the potato chips are also being used. D Decreasing Term, If an agent wishes to sell variable life policies, what license must the agent obtain? C) Required proof insurability every year All of the following are true about variable annuities except. 20) Some fixed costs may be classified as direct manufacturing costs. Prepare its schedule of cost of goods manufactured for the year ended December 31, 2017. What's the canonical way to check for type in Python? b. Which of the following is NOT required when a group life insurance policy is cancelled? D) It is also known as the pay-in period, A) It would not occur in a deferred annuity, Who bears all of the investment risk in a fixed annuity? B Variable Universal Life B Second-to-Die a. designing a product and then determining the cost of producing it. Would be best for b provide additional renewable fuel c the premium mode d ) payments made... Must the agent obtain b Enhanced whole life policy premiums will be 5 years older than when the policy correct! Trace more costs as direct bear the investment risk and Form 941 must the obtain! 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all of the following are true about variable products except