1- All of the following are provisions of industrial life EXCEPT: a-Suicide provisions do not apply...

1- All of the following are provisions of industrial life EXCEPT:

	a-Suicide provisions do not apply to the policy
	b-Because the cash value is so low, policy loans are not permitted
	c-The application is not a part of the policy
	d-The policy provides a 61-day grace period

2- Of the following, which best describes a need that decreasing term insurance is often used to meet?

	a-Providing funds to pay off an outstanding loan at a reasonable premium
	b-Providing long-term coverage at a reasonable premium
	c-Providing funds for final expenses at a reasonable premium
	d-Providing funds to pay off an outstanding loan at a high premium

Expert Solution

1. Answer- d-The policy provides a 61-day grace period

Explanation- Since the industrial insurance premium has to be paid weekly or monthly there is no 61-day grace period. In other words, the amount and frequency of premiums does not vary.

2. Answer- a-Providing funds to pay off an outstanding loan at a reasonable premium.

Explanation- A decreasing term insurance wherein the sum assured decreases certain percentage every year as the premium is paid. At the end of the maturity period, there is not sum assured as in other normal insurances. This insurance is usually obtained to pay off loans such as mortgage loans and the premiums in this insurance are very low when compared to normal loans.

keosha answered 2 years ago

Risk factors in hypertensive patients consist of all of the following EXCEPT? Select all that apply....

Risk factors in hypertensive patients consist of all of the following EXCEPT? Select all that apply. Cigarette smoking Age and sex Current situation of prehypertension (120-125 / 80-85) Excessive dietary intake of potassium Obsesity Correct heparin administration involves: Never rotating injection sites Aspirating to assess for blood vessel entry Always giving heparin by deep IM injection Never rubbing the area after the injection The physician orders Ringer’s lactate solution to replace the fluid losses of a client. While the solution...

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.

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...

All of the following are advantages of a corporation except: Group of answer choices unlimited life...

All of the following are advantages of a corporation except: Group of answer choices unlimited life ease of ownership transfer limited liability double taxation ease of raising money in the financial markets

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

The following is a list of contract provisions. Do these provisions favor the seller or the purchaser?

The following is a list of contract provisions. Do these provisions favor the seller or the purchaser? a. Seller is to convey insurable title to the real property at closing. b. Seller is to convey title to the real property subject to utility easements and other restrictions of record. c. Seller shall not alter or encumber the title to the real property after the date of the contract without the prior written consent of purchaser. d. The real estate contract is freely assignable. e. The...

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 protection; term insurance, which is temporary, or cash value insurance, which is permanent protection that builds up a reserve or savings component. b. Term insurance is a form of life insurance in which the death proceeds are payable in the event of the insured's death during a specified period and nothing is...

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 is weak, the death benefit amount may be reduced to zero. (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...

1. The Dow Jones Industrial Average is characterized by the following except Select one: a. None...

1. The Dow Jones Industrial Average is characterized by the following except Select one: a. None of the above b. it is an unweighted average of the sum of the daily closing prices of the stocks that composed the index. c. it was created in 1896 and today is composed of 30 industrial companies. d. it measures movement of the average of 500 stocks traded in the NYSE. 2. In 1971, the first electronic stock market was founded called the...

Question