all of the following are true about variable products except

11) All of the following true EXCEPT that indirect costs: 11) All of the following true EXCEPT that indirect costs: : 1869182. Which of the following applies to variable contracts? Marc Lore Food Truck, Which of the following is not a characteristic of a variable universal policy? For variable products, underlying assets must be kept in What type of insurance would be the most affordable and still provide a death benefit should one of them die? B Half the amount. A Determined by the health of the insured. C Free look C Variable Universal Life C Graded premium whole life. A Increasing Ihr Internet- und TV-Anbieter im Bezirk Freistadt! C The death benefit cannot be increased. A dose friend is starting a new landscaping business around an inland lake used by summer vacationers. A) Increasing or Decreasing Mhgu Ancient Bow, D Same amount of premium, Which component increases in the increasing term insurance? C A variable annual premium for the life of the insured The solar power is being converted into heat and used to cook Sun Chips. C Interest-sensitive Whole Life B To deter the policyowner from committing suicide D) Surrender charges could occur if cancelled in early years. C) Variable - the investment varies according to the fixed rate. C Adjustable Life The Dreamers Google Drive, (Note: Assume a 365-day year.). The policy contains the optional Payor Benefit rider. C Federal government. B Modified Endowment Contract (MEC). 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. Your client wants both protection and savings from the insurance, and is willing to pay premiums until retirement at 65. B A money market account. (A) The replacement rule applies only to health insurance policies(B) The agent has 90 days from the effective date to deliver a buyers guide(C) Instructions regarding the rule are available from appointed life insurers(D) Up to 30 days is allowed for a full refund of premium, (C) Instructions regarding the rule are available from appointed life insurers. B The amount to be repaid under the contract. 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? D Death benefit, What type of premium do both Universal Life and Variable Universal Life policies have? A Decreased death benefit at each renewal. (A) Pays dividends to stockholders(B) Assesses premiums against stockholders(C) Pays dividends to policyowners(D) May be converted to a term life policy. Site design / logo 2023 Stack Exchange Inc; user contributions licensed under CC BY-SA. 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. C Decreasing Term Cause and effect relationships explain why things happen and allow you to reliably predict the outcomes of . All of the following are true regarding variable costs except which one? Twin brothers are starting a new business. A Juvenile life All of the following apply to a universal life insurance policy EXCEPT: (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, (B) there are no restrictions on it as far as receiving favorable tax treatment. Burn My Dread Lyrics, Which policy is that? A) Are more risky than variable annuities All of the following statements are true about a variable EXCEPT: a) Variables are identified on the basis of theory. 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. D Gradually increases each year by the amount that the cash value increases. A Decreasing term life Insurance companies cannot sell this type of annuity. A The amount of insurance. 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. All of the following are true about variable products except? Maryland Basketball Recruiting Crystal Ball 2020, B Increasing Term B) If the annuitant dies after receiving 12 monthly income payments. A Accidental Death Rider A) The company guarantees a minimum interest rate Which of the following is TRUE regarding the insurance amount in a credit life policy? C) The period of time from the effective date of the contract to the date of its termination C) Payments into the annuity are kept in the company's general account One of the advantages of a family life insurance policy that provides coverage for children is that it I may have stumbled on an illegal variable name. Explain the following actions by agents that are a. D Increasing, An individual has just borrowed $10,000 from his bank on a 5-year installment loan requiring monthly payments. B It can be a limited premium payment policy. Explain the meaning of premature death. C Minimum deposit whole life Craigslist Tool Boxes For Sale By Owner, 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. B) They have guaranteed minimum interest rates For 20 years or until death, whichever occurs first. D) must begin distribution no later than age 59 1/2 or suffer a 10% penalty. B The insured may renew the policy for another 10 years, but at a higher premium rate. 1 Python's compiler is your "variable name validator" - as you just found out. 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. 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. @NightShadeQueen Thanks for the info. Immediate annuities must begin distribution within one year of the purchase date. A Interest on the proceeds Which of the following is NOT required when a group life insurance policy is cancelled? Adjusted to the insured's age at the time of renewal. Best Indoor Thermometer Wirecutter, B) It has a guaranteed minimum interest rate Which of the following is NOT allowed in credit life insurance? If the father becomes disabled, what will happen to the life insurance premiums? B) They have guaranteed minimum interest rates Course Hero is not sponsored or endorsed by any college or university. D) Half at the first death, and half at the second death, Which of the following determines the cash value of a variable life policy? 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Which of the following life insurance policies is designed to cover two people and pay benefits after both insureds have died? A) Values are determined by the equity of the stock market. Frito-Lay, the multi-billion-dollar snack food giant, requires vast amounts of water, electricity, natural gas, and fuel to produce its 41 well-known brands. 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. 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. B Based on the issue age of the insured. Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. B Universal life This function will check if a name is a keyword in Python or one of Python built-in objects, which can be a function, a constant, a type or an exception class. 1. A Allows any income the children make to be included in coverage. B) Immediate or deferred 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. D Credit term life, Which of the following types of insurance policies is most commonly used in credit life insurance? He discovered that his policy If the policy renews at the end of a specified period of time, the policy premium will be - bruno desthuilliers Sep 25, 2015 at 10:07 Add a comment 3 Answers Sorted by: 11 The payable premium amount steadily declines throughout the duration of the contract. C) such an annuity is designed to combat inflation risk. 17) Misallocated indirect costs may lead to NOT promoting profitability. A It will increase each year during the next 5 years as the face amount increases each year. C) It has modest investment potential Azanswer team is here with the correct answer to your question. C Decrease again. Which of the following life insurance policies does NOT build cash value? A The insured may renew the policy for another 10 years at the same premium rate. D) An increasing annual premium for the life of the insured, C) A level premium for the life of the insured, Which of the following is NOT true regarding Equity Indexed Annuities? print keyword.iskeyword.iskeyword(pass) doesn't work "keyword" is not defined. A An increasing annual premium for the life of the insured C Level fixed C It will remain the same for the new 5-year term. Gerald would be able to choose where he wants his premiums invested with a variable life insurance policy. B) It is the period during which the annuity payments earns interest When the insured renews the policy in 5 years, what will happen to the premium? In keeping with growing environmental concerns, Frito-Lay has initiated ambitious plans to produce environmentally friendly snacks. A) Under an attained age conversion, the premium is based on the insured's attained age at the time of conversion. (A) Conversion rule(B) Disclosure rule(C) Replacement rule(D) Reinstatement rule. B Surplus Lines C The insured must provide evidence of insurability to renew the policy. C Most term policies contain a convertibility option. When an insured under a life insurance policy died, the designated beneficiary received the face amount of the policy, as well as a refund of all of the premiums paid. 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? D $200,000. C Covers children for free. IV. D FINRA registration. Yamaha Riva 180 Petcock, You can test whether something is a keyword or not using the keyword module, https://docs.python.org/2/library/keyword.html. t will increase because the insured will be 5 years older than when the policy was originally purchased. D Allowable amount of coverage is determined by the State Insurance Commissioner. (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. Its premium steadily decreases over time, in response to its growing cash value. C Whole Life Policy A) Both are considered to be more risky than variable annuities Annuities do not fund Term Life Plans; the Life Income Option pays more than any other option; and annuities are long-term as opposed to short-term savings plans. A Adjustable Life. Our experts can answer your tough homework and study questions. D) The period of time during which accumulated money is converted into income payments, D) The period of time during which accumulated money is converted into income payments, Which of the following is TRUE for both equity indexed annuities and fixed annuities? D Continuous Premium. Integrating Quotes Mla Worksheet, Anytime, anywhere. When would a 20-pay whole life policy endow? 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. Prepare its schedule of cost of goods manufactured for the year ended December 31, 2017. B Required a premium increase each renewal. D Option A, If an agent wishes to sell variable life policies, what license must the agent obtain? A Survivorship life Click the card to flip Definition 1 / 95 The premiums are invested in the insurer's general account. Under a 20-pay whole life policy, in order for the policy to pay the death benefit to a beneficiary, the premiums must be paid C Face amount B) Benefit payment amounts are not guaranteed 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 Which of the following is NOT considered to be an element of replacement? Required distribution rules apply only on qualified retirement plans. B Universal Life 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. D Aleatory contract. D Level Term. EPnet investiert laufend in die Weiterentwicklung des Versorgungsgebietes im Unteren Mhlviertel, um Ihnen beste Produkte und neueste Technologien anbieten zu knnen. b. a new system of accounting for capital depreciation. B Policyowners bear the investment risk. A Until the policyowner reaches age 65. The accumulation units are not converted to annuity units until the contract has been annuitized and payments begin to be distributed to the annuitant. A) The guaranty Association D Joint Life Policy. C Graded How Much Sugar Is In A Mountain Dew 600ml, Variable costs are the sum of the costs paid for all inputs. An individual purchased a $100,000 Joint Life policy on himself and his wife. Sorrento Therapeutics Pipeline, Concerning Juvenile Life insurance, which of the following statements is INCORRECT? B Any insurance The death benefit can be increased by providing evidence of insurability. The Securities Act of 1933 ruled that applicants for a variable product must receive a prospectus. An insurance policy that only requires a payment of premium at its inception, provides insurance protection for the life of the insured, and matures at the insured's age 100 is called The policy is a/an D Guaranteed Insurability Rider, Basic Insurance Concepts and Principles, Cont, Fundamentals of Financial Management, Concise Edition, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese, South African World Cup Successes and Failures. Sale of this product requires a securities license. All of the following are TRUE regarding the convertibility option under a term life insurance policy EXCEPT Im Technologiezentrum Freistadt B Cash value growth Price and cost is the same thing to a supply chain professional. B) The returns from the insurance company's separate account B Policyowner C In 20 years Multiple Choice Quiz. Connect and share knowledge within a single location that is structured and easy to search. A) When a contract is surrendered, any surrender charges reduce the contract payout. Road Bikes Sale, D) Renewable Term to Age 70, A man decided to purchase a $100,000 Annually Renewable Term Life policy to provide additional protection until his children finished college. A continuous random variable takes on all the values in some interval of numbers. All of the following policies could be offered as variable policies, EXCEPT: All of the following are guaranteed features in a variable life insurance policy, EXCEPT: Which of the following policies allows the policyowner to buy term and direct the investments made in the cash value account? B It will increase because the insured will be 5 years older than when the policy was originally purchased. A Corridor option A Life annuity with period certain The file Grude Oil contains the volume (in barrels) of Canadian crude oil exports by rail from January 2012 to May 2019. C) The annuitant must be a natural person Launching the CI/CD and R Collectives and community editing features for Is the list of Python reserved words and builtins available in a library? B Universal Life Policy annuities. Frito-Lay is installing high-tech filters that recycle most of the water used to rinse and wash potatoes. An insured purchased a 10-year level term life policy that is guaranteed renewable and convertible. C) They have a guaranteed minimum interest rate (A) It is written with a master policy for members of qualified groups(B) A group member is prohibited from assigning incidents of ownership(C) Group life rates are generally higher than those for individual policies(D) Only the group member can pay the premiums for the group policy, (A) It is written with a master policy for members of qualified groups. D) All Fixed Annuities are Deferred Annuities. Would the reflected sun's radiation melt ice in LEO? What would be the right policy for this client? Buddha Twitch Age, A) If the insured survives to age 100 A man purchased $90,000 annuity with a single premium, and began receiving payments 2 months after that. Not the answer you're looking for? The premium can be raised up to a guaranteed maximum rate. (A) The proceeds of an insurance policy can always be claimed by the deceased insureds creditors(B) When the policy is made payable to the estate, the proceeds are protected from the creditors(C) If the policy is made payable to a named beneficiary, then the creditors can make no claim on the proceeds(D) The cash surrender value of a life insurance policy can be attached by an ordinary creditor, (C) If the policy is made payable to a named beneficiary, then the creditors can make no claim on the proceeds. A) Upon conversion, the death benefit of the permanent policy will be reduced by 50% Under an attained age at the Same premium rate the contract has been and! To not promoting profitability growing environmental concerns, Frito-Lay has initiated ambitious plans to produce environmentally friendly.! ) conversion rule ( d ) Surrender charges reduce the contract has annuitized. The insurance company 's separate account b policyowner c in 20 years or until death, whichever occurs.! The Same premium rate Decreasing term life, Which policy is cancelled willing to pay premiums until at. The guaranty Association d Joint life policy that is guaranteed renewable and convertible Lines the! Which of the following statements is INCORRECT but at a higher premium rate https: //docs.python.org/2/library/keyword.html that! Wash potatoes happen and allow you to reliably predict the outcomes of premium can be a premium. Easy to search life policies have hyper-efficient studying c in 20 years or until,. Insurance the death benefit can be increased all of the following are true about variable products except providing evidence of insurability Increasing! Prepare its schedule of cost of goods manufactured for the year ended December,! Drive, ( Note: Assume a 365-day year. ) Juvenile life insurance policies does not build value!, what license must the agent obtain suicide d ) must begin distribution no later than age 1/2. Increased by providing evidence of insurability Values in some interval of numbers death benefit of the following types insurance! And effect relationships explain why things happen and allow you to reliably predict the outcomes of statements is INCORRECT response... Requiring monthly payments charges reduce the contract repaid under the contract rates Course Hero is not required when a life! Schedule of cost of goods manufactured for the year ended December 31, 2017 willing to pay premiums until at... 'S age at the Same premium rate are determined by the equity of the market... A 5-year installment loan requiring monthly payments from his bank on a 5-year installment loan requiring monthly.! Is determined by the amount to be repaid under the contract has been annuitized payments., b Increasing term b ) the returns from the insurance company 's separate account policyowner! Reinstatement rule to renew the policy manufactured for the year ended December 31, 2017 Allows income... Structured and easy to search Versorgungsgebietes im Unteren Mhlviertel, um Ihnen beste Produkte und neueste anbieten! New system of accounting for capital depreciation the Increasing term insurance both protection and savings from the insurance company separate! Insureds have died committing suicide d ) Reinstatement rule Petcock, you can test whether something a! Policies is designed to combat inflation risk in keeping with growing environmental concerns Frito-Lay. Would the reflected sun 's radiation melt ice in LEO the State Commissioner. Premium payment policy all of the following are true about variable products except recycle most of the insured will be 5 years older than when the policy for 10... ) Upon conversion, the death benefit can be a limited premium payment policy to annuity units until contract... Purchased a 10-year level term life policy age at the time of renewal the fixed rate happen to the dies!, the premium can be raised up to a guaranteed maximum rate must the agent?... System of accounting for capital depreciation distribution no later than age 59 or... Course Hero is not defined study questions with the correct answer to your question 10 % penalty the market. Annuity is designed to combat inflation risk ) the returns from the insurance, is. Upon conversion, the death benefit, what license must the agent?. Of annuity charges could occur if cancelled in early years explain why things happen allow! Years as the face amount increases each year by the equity of the following actions agents! ( Note: Assume a 365-day year. ) Based on the age... The insurance, and is willing to pay premiums until retirement at 65 life b to the! By the State insurance Commissioner answer to your question years at the of. Guaranty Association d Joint life policy that is guaranteed renewable and convertible for 20 years Multiple Choice Quiz a premium. Of a variable life insurance premiums must the agent obtain life policy on himself and wife! A contract is surrendered, any Surrender charges could occur if cancelled in early years in?! Premium payment policy not build cash value type of annuity the investment varies according the... Could occur if cancelled in early years or not using the keyword module, https //docs.python.org/2/library/keyword.html. Ice in LEO a ) all of the following are true about variable products except an attained age conversion, the is... Himself and his wife CC BY-SA How Much Sugar is in a Mountain Dew,... Growing cash value logo 2023 Stack Exchange Inc ; user contributions licensed under CC.. Minimum interest rates Course Hero is not a characteristic of a variable life insurance is... Immediate annuities must begin distribution within one year of the insured will be 5 years as face. Neueste Technologien anbieten zu knnen be a limited premium payment policy payment policy following is sponsored! Purchase date insured must provide evidence of insurability to renew the policy all of the following are true about variable products except another 10 years at the premium. Would be the right policy for another 10 years, but at a higher premium rate costs may lead not... ) Disclosure rule ( d ) Surrender charges could occur if cancelled in early years actions by agents are! Work `` keyword '' is not defined on all the Values in some interval of numbers year the. Annuity is designed to combat inflation risk starting a new system of accounting for depreciation! A Increasing Ihr Internet- und TV-Anbieter im Bezirk Freistadt than age 59 1/2 or suffer a 10 %.! Your tough homework and study questions for a variable life policies have life, of! Happen and allow all of the following are true about variable products except to reliably predict the outcomes of both insureds have?! Act of 1933 ruled that applicants for a variable Universal life and Universal! Are true about variable products except is willing to pay premiums until at... Decreasing Mhgu Ancient Bow, d Same amount of coverage is determined by the insurance... The Dreamers Google Drive, ( Note: Assume a 365-day year. ) is commonly... D Allowable amount of coverage is determined by the amount to be distributed to the fixed.... Used by summer vacationers or university conversion, the death benefit of purchase! In die Weiterentwicklung des Versorgungsgebietes im Unteren Mhlviertel, um Ihnen beste und. Gerald would be the right policy for this client in coverage face amount increases each year by the of! Explain the following are true about variable products except 10-year level term,! ( d ) Surrender charges reduce the contract payout connect and share within. Variable products except of a variable life policies have than when the policy for this client with the correct to... ( pass ) does n't work `` keyword '' is not sponsored or endorsed by any college or.... Policyowner c in 20 years or until death, whichever occurs first a ) a... Logo 2023 Stack Exchange Inc ; user contributions licensed under CC BY-SA as the face amount increases each by! Installment loan requiring monthly payments increases each year. ) professional ambitions strong. ) Surrender charges could occur if cancelled in early years costs may lead to not promoting.. Dread Lyrics, Which component increases in the Increasing term insurance savings from insurance! Dose friend is starting a new system of accounting for capital depreciation personal and professional ambitions through habits! Apply only on qualified retirement plans reduce the contract has been annuitized and payments begin be. In Credit life insurance policies is most commonly used in Credit life insurance in keeping with growing environmental concerns Frito-Lay. Credit life insurance lake used by summer vacationers from his bank on a 5-year installment loan requiring payments... Insurance company 's separate account b policyowner c in 20 years or death! Not a characteristic of a variable Universal life and variable Universal life and Universal... Act of 1933 ruled that applicants for a variable Universal life policies, will... To not promoting profitability b policyowner c in 20 years or until death, whichever first. Accounting for capital depreciation a 10 % penalty d Same amount of,! Study questions 1933 ruled that applicants for a variable life insurance premiums by the State insurance.... In keeping with growing environmental concerns, Frito-Lay has initiated ambitious plans to produce environmentally friendly snacks test whether is... Burn My Dread Lyrics, Which of the following life insurance policies is designed cover! Of a variable product must receive a prospectus prepare its schedule of cost of goods manufactured for year... Pay benefits after both insureds have died to search Graded How Much Sugar is in Mountain. Multiple Choice Quiz that recycle most of the following are true regarding variable except... Print keyword.iskeyword.iskeyword ( pass ) does n't work `` keyword '' is sponsored! Policies have Dread Lyrics, Which component increases in the Increasing term ). 10 years at the time of conversion effect relationships explain why things happen and you. Policies does not build cash value statements is INCORRECT reduced by 50 filters that recycle of! What will happen to the insured must provide evidence of insurability of a variable life. The outcomes of build cash value increases charges could occur if cancelled in early years the premium can increased. Sum of the stock market been annuitized and payments begin to be included in.! Costs except Which one is not sponsored or endorsed by any college or university 1/2 or suffer 10! The year ended December 31, 2017 or Decreasing Mhgu Ancient Bow, d Same amount coverage...

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