Question
In: Finance
The two types of insurance companies are life insurance companies and ____ & ____ insurance companies....
The two types of insurance companies are life insurance companies and ____ & ____ insurance companies. (no answer choices available)
Solutions
Expert Solution
General and Health insurance
Life Insurance is insurance upon the life of an individual. The insurer promises to pay a sum on the death of the individual. General and health insurance is insurance for automobile, cost of medical care, and other non life insurances.
jeff jeffy answered 1 year agoRelated Solutions
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Assets of Life Insurance Companies What are the main assets of
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What are the various types of insurance companies?
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Discuss the difference between life insurance and non-life
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predictable in terms of amount and timing?). Why is life insurance
company more suitable to invest its capital in equity portfolio
than non-life insurance company who is more suitable to invest its
capital in fixed income securities?
Life insurance companies tend to be larger in asset size than casualty insurance companies because of...
Life insurance companies tend to be larger in asset size than
casualty insurance companies because of
_____
Their special income tax exclusions
The selective underwriting processes for policy issuances
The long-term, accumulative nature of whole life policies
The characteristics of their term policies
Indicate the similarities and differences between property and casualty (PC) insurance companies and life insurance companies?
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differences between property and casualty (PC)
insurance companies
and life insurance
companies?
Insurance companies track life expectancy information to assist in determining the cost of life insurance policies....
Insurance companies track life expectancy information to assist
in determining the cost of life insurance policies. Last year the
average life expectancy of all policyholders was 77 years. ABI
Insurance wants to determine if their clients now have a longer
life expectancy, on average, so they randomly sample some of
their recently paid policies. The insurance company will only
change their premium structure if there is evidence that people who
buy their policies are living longer than before. Which of...
A company sells two types of life insurance policies (P and Q) and one type of...
A company sells two types of life insurance policies (P and Q)
and one type of health insurance policy. A survey of potential
customers revealed the following:
i) No survey participant wanted to purchase both life
policies.
ii) Twice as many survey participants wanted to purchase life
policy P as life policy Q.
iii) 45% of survey participants wanted to purchase the health
policy.
iv) 18% of survey participants wanted to purchase only the
health policy.
v) The event that...
When calculating premiums on life insurance products insurance companies often use life tables which enable the...
When calculating premiums on life insurance products insurance
companies often use life tables which enable the probability of a
person dying in any age interval to be calculated.
The following table gives the number out of 100,000 females who
are still alive during each five-year period of life between the
age of 20 to 60 (inclusive):
Out of 100,000 females born
Exact age
(years)
Number alive at exact age
20
99,150
25
98,983
30
...
Which of the following are examples of principal types of life insurance?
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An insurance agent plans to sell three types of policies— homeowner’s insurance, auto insurance and life...
An insurance agent plans to sell three types of policies—
homeowner’s insurance, auto insurance and life insurance. The
average amount of profit returned per year by each type of
insurance policy is as follows:
Policy
Yearly
Profit/Policy
Homeowner’s
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Auto 40
Life 75
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cost $14.50 and each life insurance policy will cost $30.50 to sell
and maintain. He has projected a budget of $80,000 per year. In
addition, the...
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