15. Which of the following does not belong to the main products of life insurance? * O A. Endowment O B. Personal accident О с. Term O D. Whole life

Q: Group of answer choices a. type of care

A: Grooming/personal hygiene, clothing, toileting/continence, transferring/ambulating, and eating are…

Q: It pertains to a risk management technique when acquiring a life insurance. * risk avoidance risk…

A: One of the risk management technique is Risk Transfer where one party transfer the risk to another.…

Q: What kind of insurance  forms may not be included in the comprehensive forms?

A: Insurance: Insurance is the protection against an individual or an asset for the financial losses…

Q: Briefly explain the difference between an insurance and an assurancepolicy?

A: Insurance policy and Assurance policy are two different policies.  Insurance policy provides…

Q: Insurance that is for a limited time period, with no cash value accrued. a) Universal Life b) Term…

A: Term life insurance: Term life insurance delivers coverage for a particular period of time. It’s…

Q: The type of account and normal balance of prepaid insurance would be

A: An asset is a resource controlled by an entity from which future economic benefits flow to the…

Q: Describe the Comprehensive General Liability Insurance?

A: Answer: Comprehensive general liability insurance is an old concept for general liability insurance,…

Q: beneficiary of a life insurance policy is

A: Beneficiary of a life insurance policy is the person who receives money from the insurance company…

Q: Obligations for which the amount of the future sacrifice is so uncertain that it cannot be measured…

A: Obligations for which the amount of the future sacrifice is so uncertain that it cannot be measured…

Q: S1: It is more advantageous and beneficial to the insured if there are more riders included in the…

A: Rider in insurance industry is an additional benefit given to the insured for the enhancement of…

Q: What type of life insurance is the most appropriate when purchasing life insurance today? Explain

A: In life insurance is protection against death of persons for family behind So this is very important…

Q: Explain the differences between actual cash value (ACV) and replacement cost for homeowner’s…

A: The difference between actual cash value coverage and replacement cost coverage is the depreciation.…

Q: Collision and comprehensive: Multiple Choice O O Only pay the insurer Only pay the insured Are…

A: The purchase of collision insurance is often only possible in conjunction with the purchase of…

Q: scuss insurance costs and unreimbursed losses

A: Defining and discussing  the terms, Insurance Cost and unreimbursed losses, both the terms are used…

Q: The promises of the insurer are found in the insurance policy. True False

A: True. The insurance policy contains the terms, conditions, and promises made by the insurer to the…

Q: The coinsurance penalty promotes which of the following? Application of the deductible All of the…

A: Coinsurance penalty Coinsurance is a fine that the insurance company imposes on the policyholder if…

Q: When planning life insurance coverage, you should differentiate between ongoing expenses and…

A: The question is based on the concept used in planning life insurance coverage, Life insurance policy…

Q: Which one (1) of the following conditions affects the amount of settlement of an insured loss? OA)…

A: As per Bartleby guidelines, only one question can be solved at a time. Please reupload other…

Q: We said in our Risk Management and Insurance Planning course that Traditional/Non-Guaranteed Life…

A: Risk Management and Insurance Planning courses often delve into the intricate world of life…

Q: The least expensive form of whole life insurance protection is:   A. limited payment. B. term. C.…

A: Whole life insurance or straight life insurance protects the life of the covered. Both life…

Q: Which type of life insurance allows for the owner to choose their investment accounts? Term life…

A: Life insurance is the contract between the policyholder and insurance company where the insurance…

Q: What is the consideration for the insurer in an insurance contract?

A: Contract:   Contract is an agreement among two parties or more parties which includes enforceable…

Q: What type of life insurance policy would give you investment choice?

A: Unit linked insurance plans (ULIP) is life insurance plans that having hybrid characteristics. This…

Q: Mortgage Interest is a common: Select one: O a. None of these O b. Exclusion from gross income Oc.…

A: Mortgage interest is the amount of interest which is charged on the loan taken for the purpose of…

Q: Why would an insured inflate claims and who are the ones to suffer for it?

A: Insurance can be defined as the contract that is signed by an insurer indemnifies another person…

Q: Term life insurance: (select all that apply) is the least expensive form of life insurance. provides…

A: There were different types of life insurance plan were available in the market. Term life…

Q: 5. Some peode have high deductibles on their insurance policies in order mopthly rates. Others have…

A: Insurance plan with high deductible are better: 1. If you are young 2. If none of the elders or…

Q: Which of the following statements is false? a. If there are changes to an individual’s…

A: Retirement planning includes preparing now for your retirement life in such a way that one continues…

Q: John Jones buys a renewable, convertible, nonparticipating term insurance policy. Explain the…

A: An insurance policy is that policy provides the monetary benefits to individual or family holder…