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Anvisha [2.4K]
2 years ago
11

a variable life insurance agent must be licensed and appointed as a life and variable contract agent, as well as an

Business
1 answer:
irina1246 [14]2 years ago
7 0

A variable life insurance agent must be licensed and appointed as a life and variable contract agent, as well as a broker-dealer. This is further explained below.

<h3>What is a broker-dealer?</h3>

Generally, a member of the Stock Exchange who performs the duties of both a broker and a jobber.

In conclusion, An individual who wishes to sell variable life insurance must first get a license and then be designated as a life and variable contract agent in addition to being a broker-dealer.

Read more about broker-dealer

brainly.com/question/14330803

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In the United States banking policies and procedures are set by the:
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A $1000 bond with a coupon rate of 6.2% paid semiannually has eight years to maturity and a yield to maturity of 8.3%. If intere
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Answer:

The price of the bond will be $879

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Price of the bond is the present value of all cash flows of the bond. Price of the bond is calculated by following formula:

According to given data

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Number of periods = n = 2 x 8 years = 16 periods

Current Yield = r = 8.3% / 2  = 4.15% semiannually

Price of the Bond = $31 x [ ( 1 - ( 1 + 4.15% )^-16 ) / 4.15% ] + [ $1,000 / ( 1 + 4.15% )^16 ]

Price of the Bond = $31 x [ ( 1 - ( 1 + 0.0415)^-16 ) / 0.0415 ] + [ $1,000 / ( 1 + 0.0415 )^16 ]  

Price of the Bond = $31 x [ ( 1 - ( 1.0415)^-16 ) / 0.0415 ] + [ $1,000 / ( 1.0415 )^16 ]  

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