Which type of life insurance allows for flexible premium payments? Term life insurance Universal life insurance Variable life insurance O Second to die insurance

Q: Insurance of last year in adjustment where to adjust that insurance?

A: Adjusting Entry – Adjusting Entries are the entries that make the accrual principle work for the…

Q: How does Medicare reimburse physician services?

A: Reimbursement is the process of paying back someone the expenses that they have incurred initially.…

Q: Compare whole-life and term insurance.

A: Insurance is a legal agreement between an insurer (insurance company) and an insured person.

Q: 2. Describe "insurance premium" in your own words.

A:

Q: Which of the following is NOT true about a temporary insurance agreement? Select one: a. It can only…

A: Insurance agreement:Insurance agreement is when two parties come together and join hands that one…

Q: Describe and explain the different types of pension plans. Discuss the advantages and drawbacks of…

A: The four main types of pension plans are defined benefit, defined contribution, hybrid, and cash…

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: Which of the following types of insurance does NOT involve a contract with an external party? a.…

A: Introduction Insurance is a form of risk management that helps to protect individuals and businesses…

Q: Differentiate the follo

A: Retirement                Personal Investment Plan Advantages Government decides interest…

Q: Differentiate between “Compensatory contract” and “Non-Compensatory contract”. Does the concept of…

A: “Since you have asked multiple questions, we will solve the one question for you. If you want any…

Q: Describe what rights create “incidents of ownership” in a life insurance policy and why these are…

A: Incidents of ownership-A person has incident of ownership if such person has the right to change…

Q: Define benefit pension plans.

A: Pension plan Pension plan is an agreement between the employer and employee. After the retirement of…

Q: What are the basic factors that should be considered when establishing anindividual retirement plan?

A: A plan according to which an employer contributes some amount in the pool of funds that is kept…

Q: Briefly explain the following life insurance contractual provisions. Suicide clause Grace period…

A: The objective of this question is to understand the meaning and implications of three specific…

Q: 11. Which of the following is NOT the features of investment-linked insurance? O A. The insured can…

A: A life insurance plan that combines investment and protection is referred to as an investment-linked…

Q: Discuss SEVEN (7) factors affecting Life insurance premium. Please provide justification for each of…

A: Life insurance is a formal contract between the life insurance company as insurer and an individual…

Q: Those with yourself. O Loans for Veterans O Consolidated Loans O Personal Loans may be eligible to…

A: The question asks about a specific option for borrowing money and which group of people may be…

Q: The company selling the insurance policy is the _________________. a. Insurer b. Policy c. Premium…

A: Insurance is a means of protection from financial loss.

Q: Define bond insurance

A: Bond Insurance is also known as financial guarantee insurance. As the name suggests, it means that…

Q: 20. The written insurance document that may include all clauses, exception and conditions is called…

A: The written insurance document that may include all clauses, exception and conditions is called…

Q: f the renewal of the policy was at the discretion of the insurer, would you expect the premiums to…

A: Insurance renewal means that the coverage on insurance continues to exist after expiration of the…

Q: What does the insurer agree to pay for in addition to covering losses in an insurance policy?…

A: Insurance is a contract between the insurer and insured. In this contract, the insurer agrees to…

Q: In computing the interest component of pension expense, what interest rates may be used?

A: Pension expense: Pension expense is an expense to the employer paid as compensation after the…

Q: Describe the Investments in Life Insurance Policies.

A: Life Insurance policies are to provide financial support to the beneficiaries and dependents after…

Q: What is the main difference between stock life insurance companies and mutual life insurance…

A: Insurance companies are often organized as either a stock life company or a mutual company. In a…

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…

Q: Which type of insurance has no cash value? Term life insurance Universal life insurance Variable…

A: Insurance refers to the concept of creating a policy to safeguard any sort of financial risk by…

Q: Term policies provide a O death benefit and a savings component. O death benefit only. O savings…

A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…

Q: Supplemental coverage for homeowner's insurance is available through endorsements. Which one…

A: Supplemental coverage for homeowner's insurance is available through endorsements. These are the…

Q: Which type of account can be used as a retirement savings account?    Section 529 Plan.  Health…

A: A Health Savings Account (HSA) is a tax-advantaged account that enables individuals to save money…

Q: Having convertible term life insurance is especially be nealth issues as you age. True O False

A: In this type of policy insurance company allow to change term policy to whole life insurance policy…

Q: 12. Below are the features of the insurance policy under what types of life insurance? * Low initial…

A: Term Life Insurance is type of insurance where the insured pays predetermined amount of sum to the…

Q: A "waiver-of-premium" clause: Select one: a. allows the person to purchase additional insurance at…

A: Insurance policies often come with various clauses to address specific circumstances and provide…

Q: If a homeowner cannot get private home insurance, what are his/her choices for coverage? I. Surplus…

A: Surplus Carriers protects against a financial risk that is too high for a regular insurance company…

Q: In Property and Casualty insurance when must an Insurable interest exist? O a. At the Start of the…

A: Life insurance covers the risk of life of insured. Non-life insurance may cover people, property or…

Q: B) The insured bas to die while disabled

A: The insured has to die while disabled is false statement in given question. There is no such…