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Len [333]
2 years ago
9

How must a replacing producer response to an applicant wishing to replace existing life insurance?

Business
1 answer:
lidiya [134]2 years ago
8 0

The producer must provide notice regarding the replacement of life insurance.

A life insurance policy is a contract between a policyholder and an insurance company or insurance company, in which the insurance company promises to pay an amount to a specified beneficiary upon the death of the insured. Depending on the contract, other events B. Terminal or critical illness trigger payment

Life insurance is a contract between a policyholder and an insurance company, and can be defined as a promise by the insurer to pay a certain amount of money in exchange for a premium upon the death of the insured or after a certain period of time. .

Learn more about life insurance here:brainly.com/question/1373572

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On june 1, 2022, spk company signed a $100,000, one-year, 6 percent note payable. Interest and principal are due at maturity. Wh
posledela

$3500 sum will spk record for interest expense in their december 31, 2022

Interest = $ 6000 for 12 months.

From June to December there will be 7 months due,

therefore 7/12x6000 = $ 3500

An interest expense is the fetched brought about by an substance for borrowed reserves. Intrigued cost may be a non-operating cost appeared on the salary explanation. It speaks to intrigued payable on any borrowings—bonds, credits, convertible obligation or lines of credit. It is basically calculated as the intrigued rate times the exceptional foremost sum of the obligation. Interest expense on the income statement represents interest accrued during the period covered by the financial statements, and not the amount of interest paid over that period. While interest expense is tax-deductible for companies, in an individual's case, it depends on their jurisdiction and also on the loan's purpose.

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brainly.com/question/14185533

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6 0
1 year ago
PLZ HELP ASAP FOR ECON !!!
Alja [10]

Answer:

it decreased

Explanation:

the graph shows that the line went down therefore showing it decreased

3 0
3 years ago
What is a mortgage?
ddd [48]
A mortgage is a type of loan used to buy property, the bank gives you the money at an interest rate, but takes possession of your properties until you pay back the loan. The answer would be B!

Have a nice day! :)
3 0
3 years ago
Department stores have increasingly used designer boutiques to highlight specific designers to small market segments. This strat
lawyer [7]

Answer:

Specialty Store

Explanation:

A specialty store is a store where it keeps the high brand, style or models having the narrow category of goods and services. The products like furniture, sporting goods, bookstores are categorized as the speciality stores.

Since in the given situaton, it is mentioned that the stores increase the usage of the designer boutique for highlighting the particular designers for the small market so this represent the speciality store of that retail institution

3 0
3 years ago
A7X Corp. just paid a dividend of $2.50 per share. The dividends are expected to grow at 17 percent for the next eight years and
babunello [35]

Answer:

Price of the stock today = $82.35

Explanation:

Note: See the attached file for the calculation of present values for year 1 to 8 dividends.

From the attached excel file, we have:

Previous year dividend in year 1 = Dividend just paid = $2.50

Total of dividends from year 1 to year 8 = $23.46345631521910

Year 8 dividend = 8.77863318950395

Therefore, we have:

Year 9 dividend = Year 8 dividend * (100% + Dividend growth rate in year 9) = 8.77863318950395 * (100% + 7%) = 9.39313751276923

Price at year 8 = Year 9 dividend / (Rate of return - Perpetual dividend growth rate) = 9.39313751276923 / (13% - 7%) = $156.552291879487

PV of price at year 8 = Price at year 8 / (100% + Required return)^Number of years = $156.552291879487 / (100% + 13%)^8 = $58.88868846568915

Price of the stock today = Total of dividends from year 1 to year 8 + PV of price at year 8 = $23.46345631521910 + $58.88868846568915 = $82.35

Download xlsx
5 0
3 years ago
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