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V125BC [204]
1 year ago
14

xcel how many months can a life insurance policy normally be backdated from the date of the application

Business
1 answer:
belka [17]1 year ago
4 0

6 Months can be a life insurance policy normally be backdated from the date of the application.

For Example:- Suppose, he/she purchased a policy with maturity duration of 20 years in March 2022 and backdated it to October 2021, the maturity benefits of the endowment policy can be reaped a year before in October 2041 than the initial date in March 2042.

#SPJ4

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When a consumer borrows money, the lender will ask the borrower to sign:
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Answer:

a lender's agreement.

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What is the difference between a savings account and a certificate of deposit?
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A savings account you can redraw from, while a certificate of deposite has to be left alone for a certain while, and it ussually gains more interest.
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3 years ago
Which of the following could cause an appreciation of the real exchange rate in a small open economy? A decrease in the domestic
Savatey [412]

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3 years ago
The local furniture store will purchase outdoor furniture only during the winter months because the manufacturer offers a better
xz_007 [3.2K]

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The correct answer is: seasonal discount.

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4 0
3 years ago
To decide how much an insurance policy should cost a customer, underwriters use ________, such as historical industry trends and
alekssr [168]

When deciding the cost of an insurance policy being applied to the customer, then the underwriting experts used the concept of data analytics.

Option C is the correct answer.

<h3>What is underwriting?</h3>

Underwriting is the act where the underwriters confirm the loan approval after analyzing the debt, income, and assets of the borrower.

The concept of data analytics is one of the processes applied to analyze the data along with collection and modeling. it helps the underwriters to figure out the conclusions based on the trends and patterns of the data.

Therefore, data analytics is the tool that underwriters used to compute the cost of insurance policy for the customer.

Learn more about the underwriting in the related link:

brainly.com/question/24988092

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6 0
2 years ago
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