All categories

1 year ago

premiums on standard annual renewable term life will generally increase as the policyholder ages. true false

Business

1 answer:

damaskus [11]1 year ago

4 0

The statement is False.

The required details about Premium is mentioned in below paragraph.

Premium has numerous meanings in finance. Most commonly, it refers to: Generically, a protection buying and selling above its intrinsic or theoretical fee is buying and selling at a top rate (in comparison to a discount). The distinction among the charge paid for a fixed-earnings protection and the protection's face quantity at trouble is called a top rate if that charge is better than par.

The buy charge of an coverage policy or the ordinary bills required through an insurer to offer insurance for a described length of time.

The general fee to shop for an option contract (regularly synonymous with its marketplace charge).

To learn about Premium visit here.

brainly.com/question/24441770

#SPJ4

You might be interested in

Brooks Co. purchases debt investments as trading securities at a cost of $66,000 on December 27. This is its first and only purc

Thepotemich [5.8K]

Answer:

Dr. Cr.

December 31

*Securities FV adjustment $6,000

Unrealized Gain $6,000

January 3

Cash $4,000

Securities FV adjustment $1,000

Trading Securities $3,000

* Securities FV adjustment is a sub asset account of trading securities.

Explanation:

Trading security are reported on its fair market value at each period end. The gain or loss should be recorded.

Dec 27, Purchase price = $66,000

Dec 31, Fair value = $72,000

Unrealized gain = $72,000 - $66,000 = $6,000

3 0

4 years ago

Advantage of schooling for students in the colonial period?<br>

arsen [322]

In the new England colonies, the Puritans built their society almost entirely on the precepts of the Bible. The Puritans, in particular, valued education, because they believe that Satan was keeping those who couldn’t read from the Scriptures

5 0

4 years ago

Deposits into any bank are limited to?

Ghella [55]

Answer:

Explanation:

The Federal Deposit Insurance Corporation (FDIC) limits the amount of money insured by banks and encourages people with a large amount of money to spread their money out among different banks and also stimulates the economy.

6 0

3 years ago

A government bond with a coupon rate of 5% makes semiannual coupon payments on January 12 and July 12 of each year. The Wall Str

Yakvenalex [24]

Answer:

invoice price (dirty price) = $1,006.435

Explanation:

semi-annual coupon = $1,000 x 5% x 1/2 = $25

clean price = $1,004.375

accrued interest = (Jan. 27 - Jan. 12) x $25 x 1/182 = $2.06

invoice price (dirty price) = clean price + accrued interest = $1,004.375 + $2.06 = $1,006.435

the dirty price or invoice price of a bond includes any accrued interest that the bond may have earned in the period between the last coupon payment and the transaction date.

6 0

3 years ago

Price elasticity of demand refers to the ratio of the:

Rudiy27

The ratio of the percentage change in the quantity demanded of a good to a percentage change in its price refers to the price elasticity of demand.

<span>To add, price elasticity of demand (PED or Ed) is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price, ceteris paribus.</span>

8 0

3 years ago