Question
In: Finance
The options for the disbursement of life insurance death proceeds include all of the following EXCEPT:...
The options for the disbursement of life insurance death proceeds include all of the following EXCEPT:
| Leave with insurer to pay interest |
| Paid in one cash payment |
| Use to purchase paid-up insurance for the beneficiary |
| Paid as a life income to the beneficiary, with a certain number of payments guaranteed |
Solutions
Expert Solution
Option C
options for the disbursement of life insurance death proceeds include all of the following EXCEPT
Use to purchase paid-up insurance for the beneficiary
jeff jeffy answered 3 years agoRelated Solutions
All of the following statements concerning whole life insurance are correct EXCEPT If the whole life...
All of the following statements concerning whole life insurance
are correct EXCEPT
If the whole life insurance premiums are to be paid throughout
the insured’s lifetime, the insurance is known as limited-payment;
if the whole life insurance premiums are to be paid only during a
specified period, the insurance is designed as ordinary life
Whole life insurance offers permanent protection with cash
values, and it can be either
participating or nonparticipating
The protection afforded by the whole life insurance contract...
All of the following statements about variable life insurance are true EXCEPT:
All of the following statements about variable life insurance are true EXCEPT:a. Variable life insurance combines life insurance with a mutual fund.b. Variable life insurance provides a minimum guaranteed rate of return, but the actual return can be higher if investment experience is favorable.c. Variable life insurance allows the policyowner to select where the cash value is invested.d. Variable life insurance has fixed premium payments. e. Variable life insurance policies include settlement options.
Life insurance proceeds will be included in the estate if such proceeds are payable to the...
Life insurance proceeds will be included in the estate if such
proceeds are payable to the estate or are available to pay taxes,
debts or other expenses or charges of the insured's estate. Given
this fact, how can life insurance trust help provide liquidity to
the estate and yet avoid inclusion in the taxable estate?
Life insurance proceeds will be included in the estate if such proceeds are payable to the...
Life insurance proceeds will be included in the estate if such
proceeds are payable to the estate or are available to pay taxes,
debts or other expenses or charges of the insured's estate. Given
this fact, how can life insurance trust help provide liquidity to
the estate and yet avoid inclusion in the taxable estate?
The main sources of health insurance in the United States include all of the following except...
The main sources of health insurance in the United States
include all of the following except
A.
for-profit firms such as Aetna and John Hancock.
B.
household co-operatives, or co-ops.
C.
the government, through programs such as Medicare, Medicaid,
and the Veterans Administration.
D.
non-profit firms such as the Blue Cross and Blue Shield
organizations.
All of the following statements about life insurance are true, EXCEPT: Select one: a. Whole life...
All of the following statements about life insurance are true,
EXCEPT: Select one:
a. Whole life insurance is regarded as
permanent insurance and is generally more expensive than term
insurance.
b. Beneficiaries who receive benefits
under life insurance policies after the insured’s death must pay
income tax on the death benefits they receive.
c. Term life insurance provides
temporary protection for a stated number of years, and is
frequently renewable.
d. The incontestable clause states
that the insurer cannot contest...
The one named in the policy to receive the insurance proceeds in case of the death...
The one named in the policy to receive the insurance proceeds in
case of the death of the one taking out the policy is the:
Insured
Insurer
Beneficiary
Both insured and beneficiary
None of these
All of the following statements concerning the methods of providing life insurance protection are correct EXCEPT...
All of the following statements concerning the methods of
providing life insurance protection are correct EXCEPT a. An
insurance company can use two approaches to provide life insurance
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insurance, which is permanent protection that builds up a reserve
or savings component. b. Term insurance is a form of life insurance
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5.) All of the following statements concerning variable life insurance are correct EXCEPT (a)If the variable...
5.) All of the following statements concerning variable life
insurance are correct EXCEPT
(a)If the variable universal life policy investment experience
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(b)Variable life has a fixed premium and fluctuating death
benefit and cash values.
(c)Variable life policies must be regulated by the Securities
and Exchange Commission (SEC).
(d)The owner of a variable universal life policy has the option
to invest in a variety of investments.
7.) All of the...
Common examples of variable costs include all of the following except: insurance on factory, direct materials,...
Common examples of variable costs include all of the following
except: insurance on factory, direct materials, direct labor, any
cost that changes in proportion to the changes in the leve of
activity?
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