FINC 3200 Quiz Chapter 11 Complete Test.
FINC 3200 Quiz Chapter 11 Complete Test. Which of the following types of families is likely to have the least need for a large amount of life insurance? A) a single person family B) a blended family C) a sandwiched family D) a traditional family - CORRECT ANSWER A) a single person family The human life value is defined as the A) future value of the family's share of a deceased breadwinner's future earnings. B) present value of the family's share of a deceased breadwinner's future earnings. C) present value of a deceased breadwinner's future gross income. D) future value of a deceased breadwinner's past earnings. - CORRECT ANSWER B) present value of the family's share of a deceased breadwinner's future earnings. Which of the following pieces of information is needed to calculate a person's human life value? A) the person's estimated annual Social Security benefits after retirement. B) current outstanding debts, including mortgage debt. C) the person's cost of self-maintenance. D) the marital status of the person. - CORRECT ANSWER C) the person's cost of self-maintenance. To calculate a human life value, it is necessary to deduct certain costs from a person's average annual earnings. These costs include A) pension benefits after retirement. B) income taxes. C) investment income.
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- Subido en
- 8 de julio de 2024
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- Escrito en
- 2023/2024
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- Examen
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