Which of the following would be included in probate? POD Account Totten Trust. Retirement Plan with a listed beneficiary Life Insurance Policy that names the Owner as the Beneficiary
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Which of the following would be included in probate?
POD Account
Totten Trust.
Retirement Plan with a listed beneficiary
Life Insurance Policy that names the Owner as the Beneficiary.
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- 1.) which of the following statements is incorrect about life settlement and variables A) the life insurance policy sold to a third party B) the purchase price equals all premiums paid up to the time of the sale C) the cash surrender value is always less than the purchase price D) the proceeds from the sale may be subject to taxesPLS HELP ASAP3. Which of the following coverage options would protect you if someone's insurance didn't cover enough of the damages? A. Uninsured motorist B. Property Damage Liability C. Comprehensive D. Bodilv Injury Liability
- An elderly widow wanted to supplement her monthly Social Security income and was advised by her son to obtain a reverse annuity mortgage on the home she bought over 30 years ago for $2,500,000 with her late husband in Beverly Hills, California. If her home was recently appraised for $6,000,000 and if the lender’s RAM program allows for a maximum RAM loan of 90% of the appraised value, what monthly payment would be received by the widow if the RAM loan payments are to be made monthly over 10 years and if the annual interest rate on the RAM loan is 5%? a.$34,775 b.$38,639 c.$63,639 d.$57,27511 which of the following types of insurance best satisfies the need for permanent insurance protection A endowment B term C whole life D annuityA mortgage loan in which a large portion of the borrowed principal is repaid at the and of the loan period is known as at A) FHA mortgage. B) balloon mortgage. C) qualified mortgage. D) deferred-payment mortgage.
- When estimated future bad debt expense, which account are debited/credited, respectively? Cash, Accounts Receivable Allowance for Uncollectibles, Accounts Receivable Bad Debt Expense: Allowance for Uncollectibles Accounts Receivable, Allowance for UncollectiblesThe personal feature of property insurance contracts means that: * A) subrogation always applies B) ambiguities in the wording will always be construed against the insurer C) insurance contracts cannot be freely transferred to other parties D) the buyer of insurance must have insurable interest in property before the policy is issuedWhat are some examples of material facts that must be disclosed in connection with the purchase or sale of a security?
- In a _____, the owner-debtor gives a security interest in collateral to a creditor that allows the creditor to repossess the collateral if the owner defaults. Question 1 options: bailment gift secured transaction lease saleGowns a Business Overhead Expense policy with a monthly benefit of $5,000. G pays an annual premium on January 1. On June 1 of the same year, G sells the later, G becomes disabled as the result of a fall. In this situation, which of the following monthly benefits, will Greceive? O A OC D. $10,000 $5,000 $2,500 $0hich of the following instances qualifies as an exception to providing the appraisal report to the applicant? If the loan is not consummated within the initial consummation date B CO D If the applicant does not agree with the choice of appraiser used If the applicant waives the timing requirement but must still receive the appraisal If the applicant decides to have an appraisal done at their own expense prior to cons OC on