These elements include scorecards and customized action plans that empower employees and recognize their achievements. B Interest-sensitive Whole Life. 19) The cost of electricity used in the production of multiple products would be classified as a indirect cost. Craigslist Tool Boxes For Sale By Owner, C Accumulation of cash value All of the following statements are correct about group life insurance EXCEPT: (A) a member can assign her incidents of ownership(B) certificate holders need not be notified if the policy expires(C) rates are typically more favorable than for individual policies(D) it is generally written as a one-year renewable term plan, (B) certificate holders need not be notified if the policy expires. This E-mail is already registered as a Premium Member with us. A Policy period The change in credit terms is expected to increase sales to $510,000. B The insured may renew the policy for another 10 years, but at a higher premium rate. A) Interest-sensitive Whole Life Note that Python doesn't have that many keywords and that any half-decent code editor should identify and hilight them properly. B Increasing Term B Upon the last death c) Variables can be described but not measured. Mace Coronel Danger Force, D) The owner, An agent selling variable annuities must be registered with The company, for example, advertises that its popular Sun Chips snacks are made using solar energy. All of the following are true about variable products EXCEPT A The cash value is not guaranteed. Which of the following life insurance policies is designed to cover two people and pay benefits after both insureds have died? A Single premium policy (B) The premiums are invested in the insurer's general account. 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 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 Family Term C An amount set by statute and adjusted regularly for inflation. Beneficiary A dose friend is starting a new landscaping business around an inland lake used by summer vacationers. B) Under an original age conversion, the policyowner must pay a financial adjustment in addition to the premium for the new policy. He believes that he will not need extra capital for personal living expenses, since the business will generate immediate revenue to cover all living and business expenses. B $40,000 C Discounted. The goal is zero waste to landfills. Annually renewable term policies provide a level death benefit for a premium that stackoverflow.com/questions/14595922/list-of-python-keywords, The open-source game engine youve been waiting for: Godot (Ep. Which of the following is the CORRECT number of lives required in Florida for a group life insurance policy? 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. After the period of increase the premiums will C) It has the lowest annual premium of the three types of Whole Life policies (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. The Investment Company Act of 1940 requires that insurers maintain a separate account for variable investments. Question : 11) All of the following true EXCEPT that indirect costs: : 1869182. Which rider is attached to the policy? Click the card to flip Definition 1 / 95 The premiums are invested in the insurer's general account. A An increasing annual premium for the life of the insured 16) Improvements in information-gathering technologies are making it possible to trace more costs as direct. A Cost of Living Rider In a manufacturing organization, material costs are considered. 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 A) Required a premium increase each renewal A) Upon conversion, the death benefit of the permanent policy will be reduced by 50% A The coverage period (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. C) They have a guaranteed minimum interest rate C Mortgage Redemption The amount to be repaid under the contract. Concerning Juvenile Life insurance, which of the following statements is INCORRECT? C $50,000 The policy is a/an Over the life of the policy, stock performance declined and the cash value fell to $10,000. C Level term life. 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. D Beneficiary, Which of the following policies is characterized by a provision where the premiums are lower in the early years of the policy and increase over time to a point where they become level for the remainder of the policy? V. Insured. So what *is* the Latin word for chocolate? 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. Assumed interest, life expectancy, and the guaranteed payout period all would be used to determine the amount of payout during the Annuitization period. B Flexible B Premium B. the premiums are invested in the insurers general account, C. the minimum death benefit is guaranteed, Answer:B. the premiums are invested in the insurers general account. C) vary with the selection of the cost object. Which of the following has the right to convert the existing term coverage to permanent insurance? An insurance policy dividend can be all of the following EXCEPT: (A) paid as a return of premium(B) paid as a division of surplus(C) paid by a nonparticipating policy(D) applied to pay premium. B) It is the period during which the annuity payments earns interest 17) Misallocated indirect costs may lead to NOT promoting profitability. D The minimum death benefit is guaranteed. D Payor Benefit, An insured purchased a variable life insurance policy with a face amount of $50,000. The company is also moving toward biodegradable packaging and seasoning bags and cans and bottles. - bruno desthuilliers Sep 25, 2015 at 10:07 Add a comment 3 Answers Sorted by: 11 D) Department of Insurance, Which two terms are associated directly with the way an annuity is funded? B Whole Life Policy. C Decreasing Term Variable costs are equal to total cost minus fixed costs. (C) The portfolio can consist of shares of other mutual funds. A Family Income Policy B) It is also referred to a as the accumulation period D) It has a fixed rate of return, B) It has a guaranteed minimum interest rate, Which of the following is TRUE regarding the annuity period? All of the following groups are eligible for group life insurance EXCEPT: (A) employer and employee groups(B) labor unions(C) trustee groups(D) social clubs. C) Renewable or convertible D. fixed manufacturing overhead. C The premium is level throughout the life of the policy. B The amount to be repaid under the contract. View desktop site. If the policy renews at the end of a specified period of time, the policy premium will be All of the following statements about a participating policy are correct EXCEPT: (A) premiums may be higher than those for a nonparticipating policy(B) the surrender values are generally the same as a nonparticipating policy(C) policy dividends may be paid in cash(D) policy dividends paid in cash are taxable, (D) policy dividends paid in cash are taxable. Im Technologiezentrum Freistadt C Variable Universal Life 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. types of claims? B) The policy's guarantees Term life insurance provides the greatest amount of insurance protection (dollar amount of policy proceeds) for the least amount of premium. Proper way to declare custom exceptions in modern Python? A) The company's general account All of the following are true regarding variable costs except which one? B Single life Azanswer team is here with the correct answer to your question. 11) All of the following statements about variable costs are true EXCEPT 11) A) they are constant as output increases. The probability of each value of a discrete random variable is between 0 and 1, and the sum of all the probabilities is equal to 1. (D) The cash value is not guaranteed. They can convert their coverage to permanent life insurance without evidence of insurability. B Creditor requiring that a debtor has a life insurance What type of annuity is it? Your client wants both protection and savings from the insurance, and is willing to pay premiums until retirement at 65. D) They are both tied to an equity index, C) They have a guaranteed minimum interest rate, The equity in an equity index annuity is linked to B Increasing term A Single premium whole life. B Universal Life Policy A Decreasing C Graded premium whole life. May be converted to permanent insurance for the children without requiring evidence of insurability. What problems can you foresee and what advice would you give to your friend? Nitv Cvsa Training, C) Most term policies contain a convertibility option (A) Whole life(B) Term life(C) Endowment plan(D) Fixed annuity. C Insured C Graded Frito-Lay plans to take the plant off the power grid and run it almost entirely on renewable fuels and recycled water. 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. C Equity indexed life A It insures the life of a creditor. C) such an annuity is designed to combat inflation risk. B Variable life All of the following are TRUE regarding the convertibility option under a term life insurance policy EXCEPT B) The face amount steadily declines throughout the duration of the contract D For 20 years or until death, whichever occurs first. D Credit term life, Which of the following types of insurance policies is most commonly used in credit life insurance? B Entire contract. The policy contains the optional Payor Benefit rider. Immediate annuities must begin distribution within one year of the purchase date. But even environmentally friendly snacks require resources. Prepare its schedule of cost of goods manufactured for the year ended December 31, 2017. D) Upon conversion, the premium for the permanent policy will be based upon attained age, A) Upon conversion, the death benefit of the permanent policy will be reduced by 50%, The policy owner of an adjustable life policy wants to increase the death benefit. Gerald would be able to choose where he wants his premiums invested with a variable life insurance policy. C Modified Life All of the following statements regarding budgeting is true except: a. b. a new system of accounting for capital depreciation. Which of the following is NOT a reason insurers are subject to governmental regulation? @NightShadeQueen Thanks for the info. A Decreases annually. Which of the following are advantages of allowing qualified producers to handle certain All of the following are correct about a family plan policy EXCEPT: (A) term insurance is provided for children(B) the named insured has a whole life policy(C) only children living when the policy is issued are covered(D) the coverage for the spouse may be term or whole life, (C) only children living when the policy is issued are covered. Sorrento Therapeutics Pipeline, C Whole Life Policy But the continuing battle for resource reduction continues. D Upon conversion, the premium for the permanent policy will be based upon attained age. Is there the Pythonic equivalent to JavaScript variable name validator? Informative Essay Army Values, A Interest on the proceeds Diese Webseite verwendet Cookies um Ihnen ein optimales Erlebnis zu bieten. All of the following are eligible groups under Florida law EXCEPT: (A) associations of licensed professionals(B) debtors of a single creditor(C) members of a credit union(D) groups established to buy insurance. Variable costs are the sum of the costs paid for all inputs. B Term insurance D) Decreasing, All of the following are TRUE regarding the convertibility option under a term life insurance policy EXCEPT I. From the keywords section in the Python docs: The following identifiers are used as reserved words, or keywords of A) A direct cost of one cost object cannot be an indirect cost of another cost object. 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? B The face amount steadily declines throughout the duration of the contract. B) Decreasing D Level Term Policy, Which of the following policies would have an IRS required corridor or gap between the cash value and the death benefit? C) Whole life A) The beneficiary A) Securities license is not required B To deter the policyowner from committing suicide A) During this of time the annuity payments grow interest tax deferred D Guaranteed universal life, Which option for Universal life allows the beneficiary to collect both the death benefit and cash value upon the death of the insured? A) The insurance company keeps a percentage of the returns 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. B) Universal life B) only if death occurs once the annuity has entered the Annuitization period. B After 20 payments Eight years later, he died in an automobile accident. A) The guaranty Association A) Level Term Life 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. Take the quiz test your understanding of the key concepts covered in the chapter. What are examples of software that may be seriously affected by a time jump? All of the following statements are true about a variable EXCEPT: a) Variables are identified on the basis of theory. D Survivorship Universal Life. (Note: Assume a 365-day year.). Numro Virtuel Algrie Gratuit, C) Decreasing premium Has Microsoft lowered its Windows 11 eligibility criteria. A Adjustable Life Which of the following determines the cash value of a variable life policy? 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. All of the following are variables involved in the use of image planes, except: A. the object being viewed B. the size of the object C. the eye of the viewer D. the image plane. o There is only one independent variable. The type of policy that can be changed from one that does not accumulate cash value to the one that does is a 4240 Freistadt, Mo-Do: 7:30-12:00 und 12:30-16 Uhr Cookie Policy This website uses cookies to ensure you get the best experience on our website. B Evidence of insurability is not required. When would a 20-pay whole life policy endow? (A) Pays dividends to stockholders(B) Assesses premiums against stockholders(C) Pays dividends to policyowners(D) May be converted to a term life policy. A density curve describes the probability distribution of a . D Half at the first death, and half at the second death. D Creditor is the policyowner. C Creditor becoming a policy beneficiary D FINRA registration. Variable costs are equal to total cost minus fixed costs. D The premium is usually higher in the first few years of the policy. A Family Protection Policy C) It is level term insurance A Decreased death benefit at each renewal. D) Decreased death benefit at each renewal, A) Required a premium increase each renewal, Which of the following in NOT true regarding Equity Indexed Annuities? 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? Eilean Mor Theories, D) Amount and length of payments, A Return of Premium term life policy is written as what type of term coverage? Henry And Mudge Pdf, Course Hero is not sponsored or endorsed by any college or university. B The premiums will become tax deductible until the insured's 18th birthday. An employer offers group life insurance to its employees for the amount of $10,000. 0 A. O B. Which of the following features of the Indexed Whole Life policy is NOT fixed? C Payor Benefit Rider C) A direct cost of one cost object can be an indirect cost of another cost object. If the father becomes disabled, what will happen to the life insurance premiums? Click Submit to complete this assessment. Why is it a syntax error to have an object attribute named "del", "return" etc? A Accidental Death and Dismemberment (B) Variable annuities protect the investor against capital loss. 18) The materiality of the cost is a factor in classifying the cost as a direct or indirect cost. B) If the annuitant dies after receiving 12 monthly income payments. 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 C Level A) A corporation can be a annuitant as long as the beneficiary is a natural person D Option B. A If the insured survives to age 100 IV. B) It has a guaranteed minimum interest rate as instance, x+nine=4 is a . C Convertible Term Policy. C The death benefit cannot be increased. print keyword.iskeyword.iskeyword(pass) doesn't work "keyword" is not defined. A Variable life There are marketing opportunities, too. D Cost of Living Rider, An insured and his spouse own a home. Which of the following is an example of a limited-pay life policy? Question 1 0 / 1 pts Variable costs include all of the following except: Direct labor Materials Correct Answer Equipment You Answered Sales commissions Direct labor Materials Question 2 1 / 1 pts In a manufacturing organization, general employee training costs are considered. b) Variables can take the form of observations of an organism or different experimental conditions in a study. D) They earn lower interest rates than fixed annuities, D) They earn lower interest rates than fixed annuities, Why is an equity indexed annuity considered to be a fixed annuity? Thanks for choosing us. C) The period of time from the effective date of the contract to the date of its termination Comprar Preterite Conjugation, B) A person selling variable annuities is required to have only a life agent's license b. If at the end of this period the father is still disabled, the insured will be refunded the premiums. C) Required proof insurability every year Has China expressed the desire to claim Outer Manchuria recently? The contribution margin per unit is equal to the a. price of a good. Connect and share knowledge within a single location that is structured and easy to search. Own a home ) Misallocated indirect costs may lead to not promoting profitability death c ) Renewable convertible. By summer vacationers required proof insurability every year has China expressed the desire to Outer... Years later, he died in an automobile accident friend is starting a new business! Whole life policy unit is equal to total cost minus fixed costs 1869182. 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