1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elenna [48]
2 years ago
5

Due to a large inheritance, a policyowner no longer needs a life insurance policy and agrees to sell it to a third party for mor

e than its cash value. This type of transaction is called a
Law
1 answer:
viva [34]2 years ago
5 0

Due to a large inheritance, a Life Insurance policy owner no longer requires the policy and agrees to sell it to a third party for more than its cash value. This type of transaction is called a Life Settlement.

<h3>What is the Purpose of a Life Settlement Contract?</h3>

The Life Settlement Contract is simply a contract that transfers the insurance cover afforded by the Life Insurance Policy form one person to another.

The life assured of the new holder of the policyholder becomes eligible to receive the benefits of the policy when the insured dies while the policyholder takes responsibility for payment of premiums.

Learn more about Life Settlement at:
brainly.com/question/570009

You might be interested in
What's one of the most common reasons for a claim being rejected by an insurance company?
Lelu [443]

Answer;

A) The patient's insurance information has been entered incorrectly.

Explanation:

because people mis-pell things, and are careless, it happens all the time.

5 0
2 years ago
Is the United state ready for a woman president?.
scoundrel [369]

Answer:

Honestly, due to the fact that women don't usually get voted for presidentacy and people don't think women can be presidents, no because they wouldn't let that happen.

Explanation:

6 0
3 years ago
Read 2 more answers
How can principles of Ubuntu be applied to criminal justice system to ensure justice to victims ?
Ivenika [448]

Answer:

<h2>It would encourage fair and right practice in resolving criminal cases.</h2>

Explanation:

  • The principles of Ubuntu emphasize on the practice of<u> moral goodness and believes in the essence of fairness and social justice</u>. It also encourages <u>compassion, love, tolerance, and other humane values.</u>
  • Applying these values in the criminal justice system would <u>encourage fair and right practice in resolving criminal cases</u>. As we know there have been numerous cases of unfair practice and punishment in the criminal justice system, the need to apply the principles of Ubuntu becomes very important.
  • It would ensure justice to victims as well as incorporate right punishments to the offenders.
5 0
3 years ago
hi I wanna let y’all know That The only way if you want your brainly account deleted is To post it and The Moderators and The co
melisa1 [442]
Wait what do you mean?
8 0
3 years ago
Read 2 more answers
What are four kinds of theft that are not covered by the consolidated theft statute?
tatuchka [14]

Answer:

Explanation:

The 'consolidated theft statute' encompasses all non violent theft offenses.

It includes cases of property theft like : Larcency (by trick) , Embezzlement (cheatedly converting it to defendant's property) , False Pretence (false fact representation to get property)

Cases not included under it : Violent Thefts -

  • Robbery (with physical attack)
  • Physically harming someone to gain their property
  • cases lacking 'intent' to deliberately committing crime (just borrowing someone's property temporarily). Eg : A person borrowing neighbour's shovel for planting some expensive plants immediately
  • A consensual non criminal conversion. Eg : A friend allowed another friend to take cash upto a certain limit from former's register, in case of latter's shortfall.
8 0
4 years ago
Other questions:
  • What was Susan B Anthony vs. The United States of America about?
    9·2 answers
  • Blow me phone up 601-686-0442
    11·1 answer
  • One night Alvin entered a convenience store intending to Rob. When he entered he shoved a gun in the store clerks face and deman
    14·1 answer
  • What does the author argue is most responsible for America’s wealth?
    5·1 answer
  • Select the correct answer.
    5·1 answer
  • What type of law regulates government bureaucracies?
    6·2 answers
  • The presumptive penalty for a violation of the theft statute is determined by calculating the object's
    8·1 answer
  • Explain what the Corpus Iuris Civilis was and its importance for the development of law.
    5·1 answer
  • Special Agent Morris joined the FBI two years ago. He works long, irregular hours. What is the most likely reason for this?
    14·1 answer
  • According to the tenth amendment to the constitution, all powers that the constitution neither gives exclusively to the federal
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!