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Verizon [17]
4 years ago
6

A potential client, age 40, would like to purchase a whole life policy that will accumulate cash value at a faster rate in the e

arly years of the policy. which of these statements made by the producer would be correct? straight life accumulates faster than limited-pay life 20-pay life accumulates cash value faster than straight life cash value accumulation of both 20-pay life and straight life depend on the insurer's financial rating 20-pay life and straight life accumulate cash value at the same rate
Business
2 answers:
Vsevolod [243]4 years ago
4 0
 

<span>A potential client, age 40, would like to purchase a whole life policy that will accumulate cash value at a faster rate in the early years of the policy. Which of these statements made by the producer would be correct?  </span>20-pay life accumulates cash value faster than straight life.  A 20-pay life policy means that the life of the insurance payment is paid for a total of 20 years.  The payments to the policy can be made monthly, quarterly, semi-annually or annually.  In a 20-pay policy, cash accumulates faster than a straight life policy due to the cash value that accumulates at a faster rate. 

butalik [34]4 years ago
4 0
I'll just try to rearrange the choices.
<span>A - straight life accumulates faster than limited-pay life
B - 20-pay life accumulates cash value faster than straight life
C - cash value accumulation of both 20-pay life and straight life depend on the insurer's financial rating
D - 20-pay life and straight life accumulate cash value at the same rate

My answer would be B. </span><span>20-pay life accumulates cash value faster than straight life </span><span>

In the above scenario, the 20-pay life policy offers the fastest accumulation of cash value for the 40-year old policy holder compared to the straight life policy.

20-pay life policy means that policy holder will only pay off the premiums for upto 20 years while being covered by its insurance benefits. It generates faster cash value accumulation because its premiums are higher in value compared to straight life policy.</span>
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Viktor [21]

When an investor purchases Class A shares of a mutual fund in their brokerage account at a FINRA member firm, the sales charge is apportioned to all of the following except The mutual fund.

<h3>What does it mean to be a member of FINRA?</h3>

The Financial Industry Regulatory Authority (FINRA) is an independent, nongovernmental organization that writes and enforces the rules governing registered brokers and broker-dealer firms in the United States.

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8 0
2 years ago
Jonah tells his friend Derek that he would like to go parasailing. Derek is very enthusiastic and suggests that they try an outf
nekit [7.7K]

Answer:

- Derek is an agent of Jonah

- Derek failed in his fiduciary duties to his principal

Explanation:

An a agent is someone that is appointed by a principal to take care of their interests. The agent's loyalty is to only his principal and he should not manipulate the relationship for personal gain.

In the given scenario Jonah appointed Derek to arrange for parasailing activity. So he is an agent to Jonah in this respect.

However Derek chooses an outfit called Wind Beneath My Wings where he is an owner, he put aside $600 instead of $350 for the reservation, and the company is unlicensed.

All these are violations of Derek's fiduciary duty. He put Jonah at risk for his own personal gain.

8 0
3 years ago
The balance in the unearned fees account, before adjustment at the end of the year, is $95,500. Of these fees, $82,760 have been
Travka [436]

Answer:

Explanation:

The adjusting entries are shown below:

a. Unearned Fees A/c Dr $82,760

             To Fees Earned A/c $82,760

(Being unearned fees are adjusted)

For recording the transactions we debited the unearned fees account and credited the fees earned account

b. Accounts Receivable A/c Dr $32,640

                                       To Fees Earned A/c $32,640

(Being accrued fees recorded)

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3 years ago
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The assumption that if planning is perfect there is no need for controlling is false.

This is because controlling is a very vital and important part of

management. Controlling helps to organize the various factors needed in

the completion of a project. This helps to prevent and reduce mistakes to

the barest minimum that may arise as we are all prone to errors.

A management process without any form of control will result in the target

and exact instructions not being met or adhered to.

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3 0
3 years ago
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STatiana [176]

Her budget is $130

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exactly $130.

If she buys the sushi and bagels after the price drops, she will spend $100.

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Idk if thats what your asking because there is no question

-IronWolfX

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