Ordinary annuity Samenvattingen, Aantekeningen en Examens

Which of the following is NOT a characteristic of a Variable Annuity? A. Premium Payments may be level or flexible or single premium B. The cash values are invested in securities. C. The non-forfeiture values will provide for the return of the cash value should the annuitant die during the accumulation period. D. It provides for a tax-free death benefit. - ANSWER D. It provides for a tax-free death benefit. All of the following policies provide for the tax deferred accumulation of cash ...

Interest correct answer: amount of money earned for the use of the borrowed capital; (borrower) amount of money paid for the capital; (lender) income generated by the capital which he lent Simple Interest correct answer: interest where only the original principal bears interest which varies directly with time Ordinary simple interest correct answer: computed on the basis of the banker's year 1 year = 12 mos. 1 mo. = 30 days 1 year = 360 days Exact Simple Interest correct answ...

Which one of the following is an incorrect statement regarding retirement spending habits? -expenditures for retirement plan contributions cease -health costs increase -automobile-related costs increase -travel and recreation costs increase. - correct answer automobile-related costs increase. Automobile costs often decrease. Second cars for married couples are less necessary, and commuting miles are reduced or eliminated for the primary vehicle. Eliminating the second car reduces ins...

Indiana Life Insurance Exam Questions and Answers Rated A+ Which of the following is NOT a characteristic of a Variable Annuity? A. Premium Payments may be level or flexible or single premium B. The cash values are invested in securities. C. The non-forfeiture values will provide for the return of the cash value should the annuitant die during the accumulation period. D. It provides for a tax-free death benefit. D. It provides for a tax-free death benefit. All of the following policies prov...

Primerica - Exam test Questions With 100% Correct Answers 2023 An insurer has made all of the decisions regarding the provisions included in the insured's policy. The insured finds an objectionable provision and wants to negotiate it with the insurer but is not allowed to do so. Her only options are to reject the policy or accept it as is. Which contract feature does this describe? a) Unilateral b) Conditional c) Personal d) Adhesion - Correct answer-Adhesion An insurance policy that ...

Which of the following is NOT a characteristic of a Variable Annuity? A. Premium Payments may be level or flexible or single premium B. The cash values are invested in securities. C. The non-forfeiture values will provide for the return of the cash value should the annuitant die during the accumulation period. D. It provides for a tax-free death benefit. - D. It provides for a tax-free death benefit. All of the following policies provide for the tax deferred accumulation of cash value EXCE...

Texas General Lines - Life, accident and health insurance PRACTICE EXAM QUESTIONS AND ANSWERS LIFE SECTION 1 - ANS LIFE SECTION 1 1) Sandra Timms, age 27, is advised by her producer to purchase Life insurance to cover a 20-year-amortized $50,000 business-improvement loan. Which of the following plans would adequately protect Ms. Timms at the minimum premium outlay? - ANS A- $50,000 Whole Life policy B- $50,000 Level Term policy for 20 years C- $50,000 20 Pay Life policy D- $50,00...

Test Bank for Business Mathematics In Canada 11th Edition By F. Ernest Jerome, Tracy Worswick. CHAPTER 1 Review and Applications of Basic Mathematics Appendix 1A: The Texas Instruments BA II PLUS CHAPTER 2 Review and Applications of Algebra CHAPTER 3 Percent and Percent Change CHAPTER 4 Ratios and Proportions CHAPTER 5 Mathematics of Merchandising 5.2 Supplement: Other Notations for Terms of Payment (on Connect) 5.3 Supplement: Diagram Model for Markup Problems (on Connect) CHAPTER 6 Application...

WGU C214 Financial Management Test Bank | More than 200 Questions and Verified Answers| 100% Correct | 2023/ 2024 Updated QUESTION What is the most effective use of financial statements in valuing a stock? a. Use the book value of equity on the balance sheet b. Use GAAP earnnings c. Use data to estimate future earnings d. Read the footnotes Answer: c QUESTION If market interest rates rise, what impact does it have on a given bond? a. Its price decreases b. It will h...

WGU D076 Final Exam (New 2024/ 2025 Update) Finance Skills for Managers| Questions and Verified Answers| 100% Correct| A Grade QUESTION What two types of "Turnover" are useful for understanding a firm's effi- ciency in creating sales with its assets? Answer: Total Asset turnover and Fixed asset turnover QUESTION Why is operating margin frequently used to compare firms of different structures? Answer: Because it is calculated pre interest. QUESTION Wh...