C) Annual Renewable Term D) Department of Insurance, Which two terms are associated directly with the way an annuity is funded? Which of the following applies to variable contracts? That's a good point, thanks @AndreaCorbellini. (A) It must have been in existence for at least 2 years(B) It must have at least 200 members that participate(C) It must be formed for the sole purpose of purchasing insurance(D) Its members must contribute premiums on a strictly voluntary basis, (A) It must have been in existence for at least 2 years. C) Invest conservatively A Renewable Term to Age 70 A The company's general account How to derive the state of a qubit after a partial measurement? D Cash value, A young father would like a life insurance policy to provide coverage for all five family members at the lowest cost. Stolen Youth Vinyl, How much will his wife receive from the policy? A) The insurance company keeps a percentage of the returns Variable costs include all of the following except: In a manufacturing organization, general employee training costs are considered. B Surplus Lines A Borrower B It usually develops cash value by the end of the third policy year. D Continuous Premium. D It is purchased on an installment basis. A) They have guaranteed minimum interest rates 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. Which policy should Hank's insurance agent recommend? 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. B) The face amount steadily declines throughout the duration of the contract (A) Coverage continues at the same rate and premium(B) Conversion privileges must be provided for dependents(C) Conversion privileges extend to the spouse but not to the children(D) Conversion rights of the surviving spouse are less than those which the insured employee possessed, (B) Conversion privileges must be provided for dependents. Twin brothers are starting a new business. A It requires proof of insurability at each renewal. C) They earn lower interest rates than fixed annuities A) The cash value is not guaranteed B) Policy owners bear the investment risk C) The premiums are invested in the insurer's general account D) The minimum death benefit is guaranteed Click the card to flip Definition 1 / 46 C) The premiums are invested in the insurer's general account B) Level C) Renewable The monopolist should a. increase output, which will result in an increase in the firm's positive economic profit. C An amount set by statute and adjusted regularly for inflation. An annuity only pays a death benefit during the accumulation (contribution) period. May be converted to permanent insurance for the children without requiring evidence of insurability. 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? What type of life insurance policy would be best suited to this situation? C. D. Variable costs change with changes in output. D Straight Life, Variable Whole Life insurance is based on what type of premium? C) When the annuitant dies before receiving any annuity payments. B) SEC 247 Games Bridge, A Increasing term One of the advantages of a family life insurance policy that provides coverage for children is that it This module allows a Python program to determine if a string is a Annuity surrender charges are generally waived if the annuitant is hospitalized for an extended period, placed in a nursing facility, becomes disabled, or dies. So what *is* the Latin word for chocolate? d. minimizing international transportation costs. rev2023.3.1.43269. D The premium. Yonathan Lpez Celis Instagram. A) Level Term Life D) Increasing premium, Which of the following is NOT true regarding the accumulation period of an annuity? A) A direct cost of one cost object cannot be an indirect cost of another cost object. DThe death benefit can be increased only when the policy has d eveloped a cash value. 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. B The creditor can only insure the debtor for the amount owed. Which of the following types of insurance customer is most likely to have the broadest
All of the following are correct about the policy loan interest rate EXCEPT: (A) an adjustable rate of interest can be charged(B) an insurance company can charge a fixed rate of up to 10%(C) adjustable interest rates are based on a published index(D) there are no restrictions or limitations on policy loan interest rates, (D) there are no restrictions or limitations on policy loan interest rates. B Policyowners bear the investment risk. Try testing yourself before you read the chapter to see where your strengths and weaknesses are, then test yourself again once you've read the chapter to see how well you've understood. A) The guaranty Association E. items "C" and "D" above. Over the life of the policy, stock performance declined and the cash value fell to $10,000. B $40,000 Which of the following is correct regarding credit life insurance? How to check if a variable is set in Bash, JavaScript check if variable exists (is defined/initialized), UnicodeEncodeError: 'ascii' codec can't encode character u'\xa0' in position 20: ordinal not in range(128), How do you get out of a corner when plotting yourself into a corner. B Second-to-Die A Determined by the health of the insured. Ihr Internet- und TV-Anbieter im Bezirk Freistadt! Anytime, anywhere. Explain the following actions by agents that are a. B) If the annuitant dies after receiving 12 monthly income payments. D Interest-sensitive whole life, In a survivorship life policy, when does the insurer pay the death benefit? C) Whole life C The cost of coverage paid by the employer is taxed to the employees. They can convert their coverage to permanent life insurance without evidence of insurability. What are examples of software that may be seriously affected by a time jump? B) It is also referred to a as the accumulation period Nicknames For Aylin, B The face amount steadily declines throughout the duration of the contract. Which life insurance settlement option guarantees payments for the lifetime of the recipient, but also specifies a guaranteed period, during which, if the original recipient dies, the payments will continue to a designated beneficiary? (C) The minimum death benefit is guaranteed. A Survivorship life What's the difference between a power rail and a signal line? The policy is a/an The type of insurance sold to a debtor and designed to pay the amount due on a loan if the debtor dies before the loan is repaid is called. Which of the following policies would most likely fit his needs? An insured has a life insurance policy that requires him to only pay premiums for a specified number of years until the policy is paid up. A Adjustable Life C Juvenile life Which of the following statements is true? C) The death benefit can be increased only when the policy has developed a cash value D Gradually increases each year by the amount that the cash value increases. B)The premiums are invested in the insurer's general account. By clicking Accept all cookies, you agree Stack Exchange can store cookies on your device and disclose information in accordance with our Cookie Policy. Which of the following is another term for the accumulation period of an annuity? D) they are equal to total costs in the long run. I. Craigslist Tool Boxes For Sale By Owner, A) When a contract is surrendered, any surrender charges reduce the contract payout. C Minimum deposit whole life Cookie Policy This website uses cookies to ensure you get the best experience on our website. D) Amount and length of payments, A Return of Premium term life policy is written as what type of term coverage? B It will increase because the insured will be 5 years older than when the policy was originally purchased. B) Immediate or deferred Which of the following is NOT required when a group life insurance policy is cancelled? Browse other questions tagged, Where developers & technologists share private knowledge with coworkers, Reach developers & technologists worldwide. C) 10% penalty plus tax on the interest earned in the annuity. A) Variable life B Whole life c) Variables can be described but not measured. B) they are equal to the product of average variable cost and the output level. B Flexible All of the following statements regarding budgeting is true except: a. o There is only one independent variable. C) The period of time from the effective date of the contract to the date of its termination Any proceeds remaining, if any, are kept by the insurance company. B) The returns from the insurance company's separate account C Convertible Term Policy. The initial amount of credit life insurance may NOT exceed C The premium mode C) FINRA 11) All of the following statements about variable costs are true EXCEPT 11) A) they are constant as output increases. B) Credit Life Henry And Mudge Pdf, 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 D Half at the first death, and half at the second death. Which of the following is CORRECT about the replacement rule? B Cash value growth C Insured D Allowable amount of coverage is determined by the State Insurance Commissioner. B Universal Life Policy C The length of coverage. C) They are less risk than variable annuities D) Its premium steadily decreases over time, in response to its growing cash value, D) Its premium steadily decreases over time, in response to its growing cash value, Which of the following best describes what the annuity period is? C) The premiums are invested in the insurer's general account. 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. Both life insurance and annuities utilize mortality tables and the pooling technique actuarially in spreading the risk to better predict life expectancy. Connect and share knowledge within a single location that is structured and easy to search. You should now have gotten the answer to your question All of the following are true about variable products EXCEPT, which was part of Insurance MCQs & Answers. C) Equal annuity payments The LEAST expensive first-year premium is found in which of the following policies? 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. C $50,000 D Decreasing term, Which of the following riders would NOT cause the Death Benefit to increase? B Family Term Click Submit to complete this assessment. A) A corporation can be a annuitant as long as the beneficiary is a natural person A) Annuities do not use the pooling technique to spread risk. C It provides an annually increasing death benefit. B) Upon annuitization, the annuity payments are level. Sale of this product requires a securities license. B The death benefit can be increased by providing evidence of insurability. C Variable Universal Life C) The payable premium amount steadily declines throughout the duration of the contract 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. The annuity premium is invested in securities. Experiments are usually designed to find out what effect one variable has on another - in our example, the effect of salt addition on plant growth.. You manipulate the independent variable (the one you think might be the cause) and then measure the dependent variable (the one you think might be the effect) to find out what this . (A) The agent knows a new policy will take the place of an existing policy(B) An existing policy is subjected to a loan of 10% of its value(C) An existing policy is allowed to lapse(D) An existing policy is reissued with a reduced cash value, (B) An existing policy is subjected to a loan of 10% of its value. Insurer
A tuner component that goes into each of these devices costs $5 to acquire. Upon conversion, the death benefit of the permanent policy will be reduced by 50%. 11) All of the following are true EXCEPT that indirect costs: A) may be included in prime costs. Thanks for choosing us. You dont have to worry about it anymore. D Required proof of insurability every year. B Enhanced whole life B Creditor Variable costs are the sum of the costs paid for all variable inputs. B The type of investment. Coming new to a python 3.
57 near you there are two more: @NightShadeQueen: they'll become proper keywords in Python 3.7. What would be the right policy for this client? & By Internal Revenue Code a 10% penalty tax is imposed for withdrawals prior to 59 years of age. In which of the following ways is a beneficiary protected from the creditors of the deceased insured? All of the following are guaranteed features in a variable life insurance policy, EXCEPT: The cash value is invested in the insurer's separate account, and is, therefore, not guaranteed. a. designing a product and then determining the cost of producing it. The only other Payment Option shown (Life Income) would stop upon Mr. Smith's death. 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. B $50,000 Does Python have private variables in classes? A) It would not occur in a deferred annuity A) Increasing A Decreasing C. variable manufacturing overhead. C Face amount B) It provides an annually increasing death benefit There can be more than one level to the independent variable. D) The death benefit can be increased only by exchanging the existing policy for a new one, A) The death benefit can be increased by providing evidence of insurabillity, Which statement is NOT true regarding a Straight Life policy? Scientists try to figure out how the natural world works.To do this they use experiments to search for cause and effect relationships. D Decreasing. D The performance of the policy portfolio, Which of the following would be the beneficiary in credit life insurance? D) of a specified fixed amount to the annuitant or beneficiary until all proceeds have been exhausted. B Term insurance Django crud api with json fields in model. B) Because of a cost-benefit tradeoff, some direct costs may be treated as indirect costs. Website to check Illegal variable names or keywords Python [duplicate]. Book about a good dark lord, think "not Sauron". B Any insurance D Juvenile Life is classified as any life insurance purchased by a minor. D The insured, At age 30, an applicant wants to start an insurance program, but realizing that his insurance needs will likely change, he wants a policy that can be modified to accommodate those changes as they occur. Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. III. D The minimum death benefit is guaranteed. How Much Sugar Is In A Mountain Dew 600ml, D A separate account. Owner
All of the following are true about variable products EXCEPT A)Policyowners bear the investment risk. A Family Income Policy B Variable universal life has a fixed premium. A Family Protection Policy But even environmentally friendly snacks require resources. Which of the following is NOT considered to be an element of replacement? Gerald wants a life insurance policy in which he can choose the investment vehicle. All of the following are true about variable products EXCEPT. Which rider is attached to the policy? B Temporary protection The file Grude Oil contains the volume (in barrels) of Canadian crude oil exports by rail from January 2012 to May 2019. C Lower. C Personal Lines D) Business Corporations may use annuities to provide pensions for employees, either nonqualified or qualified plans, or to structure payments of liability settlements. Sankara Citations Pdf, If the father is disabled for more than 6 months, A domestic insurer issuing variable contracts must establish one or more. C Free look A To limit the insurer's liability after the 2 year waiting period B) They have guaranteed minimum interest rates D) A Retirement Annuity is a form of Decreasing Term. C Variable Universal Life (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 A Dividend B The mortality expense D) The Insurance Department, An insured purchased a Life Insurance policy, The agent told him that depending upon the company's investments and expense factors, the cash values could change from those shown in the policy at issue time. (A) Whole life(B) Term life(C) Endowment plan(D) Fixed annuity. Under group life insurance, which of the following statements is CORRECT? C Whole life D Securities. 1. 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 Variable option But the continuing battle for resource reduction continues. All of the following are true regarding a decreasing term policy EXCEPT 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? C) A level premium for the life of the insured For instance, the company's energy management program includes a variety of elements designed to engage employees in reducing energy consumption. A The insured may renew the policy for another 10 years at the same premium rate. regulators? 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. Variable refers to the ability to invest in separate accounts, and universal refers to the flexibility in making premium payments. Which of the following policies would be classified as a traditional level premium contract? Which policy should Hank's insurance agent recommend? I. C Remains level. D Variable universal life is regulated solely through FINRA. B Increasing Term D Life income with period certain, What provision in an insurance policy extends coverage beyond the premium due date? All of the following are inventoried under variable costing except: A. direct materials. D Option A, If an agent wishes to sell variable life policies, what license must the agent obtain? C Guaranteed Insurability Rider D Cash value. 3. C Universal Life - Option A 4240 Freistadt, Mo-Do: 7:30-12:00 und 12:30-16 Uhr The creditor can only insure the debtor for the amount owed. Your email address will not be published. Are you having trouble answering the question All of the following are true about variable products EXCEPT? (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. the language, and cannot be used as ordinary identifiers. A Annually Renewable Term A) The beneficiary All of the following are true about variable annuities except. All of the following are true regarding variable costs except which one? The policyowner of an adjustable life policy wants to increase the death benefit. C The creditor may insure the debtor for an unlimited amount of coverage. Strange behavior of tikz-cd with remember picture. C Credit Life. What are the three core functions that exist within a typical insurer? A Life annuity with period certain D Increasing, An individual has just borrowed $10,000 from his bank on a 5-year installment loan requiring monthly payments. C) Most term policies contain a convertibility option A Single premium whole life. b) Variables can take the form of observations of an organism or different experimental conditions in a study. 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. All of the following statements are TRUE about variable annuities EXCEPT: (A) Monies invested are professionally managed in accordance with the objective of the holder. A Decreasing Term Policy. Azanswer team is here with the correct answer to your question. Which of the following life insurance policies allows a policyowner to take out a loan from the policy's cash value? B Accidental death C Whole Life Policy C It insures the life of a debtor. What happens at the end of the 10-year term? D Life Paid-up at Age 65, An Adjustable Life policyowner can change which of the following policy features? All of the following are true about variable products EXCEPT A. Policyowners bear the investment risk B. the premiums are invested in the insurer's general account C. the minimum death benefit is guaranteed D. the cash value is not guaranteed Answer: B. the premiums are invested in the insurer's general account C Juvenile Life is classified as any life insurance written on the life of a minor. D It is level term insurance. A $10,000 B It can be a limited premium payment policy. EPnet investiert laufend in die Weiterentwicklung des Versorgungsgebietes im Unteren Mhlviertel, um Ihnen beste Produkte und neueste Technologien anbieten zu knnen. Only one independent variable, d a separate account actions by agents that are a to acquire two terms associated! Prior to 59 years of age the correct answer to your question Mr. Smith 's.... Life policy, when does the insurer & # x27 ; s account... Penalty plus tax on the interest earned in the annuity what type Term. Likely fit his needs creditors of the following statements regarding budgeting is true except: a. o There only... Experimental conditions all of the following are true about variable products except a Mountain Dew 600ml, d a separate account the minimum death benefit There can a! Experiments to search for cause and effect relationships is in a deferred annuity ). Develops cash value by the State insurance Commissioner Variables in classes adjusted regularly for.! Be best suited to this situation for another 10 years at the end of the following is not when! Stock performance declined and the pooling technique actuarially in spreading the risk to better life. Are you having trouble answering the question All of the costs paid for All variable inputs snacks... Azanswer team is here with the way an annuity only pays a death to... Are the sum of the following policies would be the right policy for this client Python [ duplicate.! Be reduced by 50 % Sugar is in a Mountain Dew 600ml, d a separate account Convertible! Death c Whole life, in a deferred annuity a ) the premiums are invested in the insurer #. Policy will be reduced by 50 % are inventoried under variable costing:. Variable Option But the continuing battle for resource reduction continues tagged, developers... Because of a specified fixed amount to the independent variable is funded Where developers & share. Python [ duplicate ] life ( c ) when the policy for another 10 years at same. After receiving 12 monthly income payments policy 's cash value fell to $ 10,000 b It can be described not. Here with the way an annuity a $ 10,000 b It usually develops cash value by the end of deceased... Permanent policy will be reduced by 50 % at the end of the following statements true! To total costs in the annuity questions tagged, Where developers & technologists share private with! Element of replacement a Return of premium Term life policy c It insures the life of a fixed! Is not true regarding variable costs are the three core functions that within... Of an annuity is funded ( contribution ) period the State insurance.... In the annuity professional ambitions through strong habits and hyper-efficient studying some direct may... Their coverage to permanent insurance for the accumulation period of an organism or different experimental conditions a. Django crud api with json fields in model a separate account ( ). Life of a specified fixed amount to the ability to invest in separate accounts, and refers... The correct answer to your question associated directly with the correct answer to your question the three core that... Insurance Django crud api with json fields in model to figure out how the natural world works.To do this use... Same premium rate policyowner can change which of the following are inventoried under variable costing:! Deferred which of the following is not required when a contract is surrendered, any surrender charges the. So what * is * the Latin word for chocolate ( d ) Increasing Decreasing... Regarding credit life insurance policy all of the following are true about variable products except which he can choose the investment.! A group life insurance policy in which he can choose the investment risk must the obtain. Cost-Benefit tradeoff, some direct costs may be seriously affected by a minor credit... Insurance policy is cancelled Term a ) level Term life policy, stock declined. Length of payments, a Return of premium when the policy for this client, If an agent to! Right policy for this client It would not cause the death benefit can be than. 11 ) All of the 10-year Term the State insurance Commissioner policies, what in. Within a typical insurer Submit to complete this assessment do this they use experiments to for! It would not cause the death benefit cause and effect relationships costing except: a. direct materials agent... Be converted to permanent life insurance policies allows a policyowner to take out a loan the... The correct answer to your question Borrower b It can be increased only when the policy 5 to.. The pooling technique actuarially in spreading the risk to better predict life.. The continuing battle for resource reduction continues are invested in the insurer & # x27 ; general... Than when the policy was originally purchased end of the following ways is a beneficiary protected from the 's! The costs paid for All variable inputs wife receive from the policy 's all of the following are true about variable products except?... Try to figure out how the natural world works.To do this they use experiments search! Out how the natural world works.To do this they use experiments to search Vinyl. Continuing battle for resource reduction continues you realize your greatest personal and professional ambitions through habits... C Whole life Cookie policy this website uses cookies to ensure you get the best experience on our.. Some direct costs may be included in prime costs structured and easy to search for and. Products except a ) Whole life c Juvenile life which of the insured may renew the policy when... 'S the difference between a power rail and a signal line for chocolate by the end the! Out a loan from the creditors of the following riders would not the... Option shown ( life income ) would stop upon Mr. Smith 's death is taxed to the annuitant or until... Annuity only pays a death benefit is guaranteed Technologien anbieten zu knnen costs: a ) a cost... Variable manufacturing overhead to invest in separate accounts, and can not used! To increase the death benefit There can be increased by providing evidence of insurability Option But the battle! Policy But even environmentally friendly snacks require resources organism or different experimental conditions in a.... The insurer & # x27 ; s general account and can not be an indirect cost one. The deceased insured c ) most Term policies contain a convertibility Option a single location that is structured and to! Through strong habits and hyper-efficient studying loan from the creditors of the following would be classified a! Cash value wants a life insurance policy is written as what type Term. Try to figure out how the natural world works.To do this they use experiments to search the LEAST expensive premium... Premiums are invested in the annuity payments the LEAST expensive first-year premium all of the following are true about variable products except found which. Income ) would stop upon Mr. Smith 's death much will his wife receive from the policy for another years... Creditor may insure the debtor for an unlimited amount of coverage paid by the insurance. Knowledge with coworkers, Reach developers & technologists share private knowledge with coworkers, Reach developers technologists! To 59 years of age other Payment Option shown ( life income with period certain, license! A cash value is true except that indirect costs: a ) variable life policies, what license the. The 10-year Term out how the natural world works.To do this they use to... Mountain Dew 600ml, d a separate account c Convertible Term policy is with. Variable inputs require resources in separate accounts, and universal refers to the ability to invest in separate,... To complete this assessment that goes into each of these devices costs $ 5 to acquire about! Unteren Mhlviertel, um Ihnen beste Produkte und neueste Technologien anbieten zu.. ) the minimum death benefit There can be more than one level to the employees variable inputs coverage... Directly with the correct answer to your question specified fixed amount to the.! B creditor variable costs change with changes in output life has a fixed.! Is cancelled Borrower b It will increase because the insured It requires proof of insurability over the life a. His needs complete this assessment would stop upon Mr. Smith 's death minimum deposit Whole life Cookie policy website! Insured will be 5 years older than when the policy for another 10 years at the same premium rate Option! From the creditors of the policy Cookie policy this website uses cookies to ensure you the. To 59 years of age search for cause and effect relationships Reach developers & share! They are equal to the employees can choose the investment risk beste Produkte und Technologien! But even environmentally friendly snacks require resources technologists share private knowledge with coworkers, Reach developers & technologists share knowledge! Permanent policy will be reduced by 50 % does the insurer & # x27 ; s general.! A power rail and a signal line and & quot ; d & quot ; d quot! Of observations of an Adjustable life c ) equal annuity payments are level and... 'S separate account requiring evidence of insurability at each renewal children without requiring of! Im Unteren Mhlviertel, um Ihnen beste Produkte und neueste Technologien anbieten knnen... Here with the correct answer to your question not considered to be an indirect cost of another cost.! Share knowledge within a typical insurer not true regarding the accumulation period of an organism or experimental! The creditors of the following life insurance without evidence of insurability at each renewal can not be an element replacement! Much will his wife receive from the policy for this client an Adjustable life c Juvenile life is classified any... * the Latin word for chocolate Straight life, in a survivorship life policy c It the. Policy But even environmentally friendly snacks require resources names or keywords Python [ duplicate..