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Leni [432]
3 years ago
12

Lionel purchased a $200,000 ordinary life insurance policy when he was 25 years old and had significant life insurance needs. No

w Lionel is 50. His mortgage is almost paid-off and his children have left home and are financially independent. Lionel no longer wants to pay premiums, but he would like to have some permanent life insurance in force. Which nonforfeiture option could Lionel employ to meet these objectives?
A) cash value
B) reduced paid-up insurance
C) paid-up additions
D) extended term insurance
Business
1 answer:
Alenkasestr [34]3 years ago
3 0

Answer:

Option b                                        

Explanation:

In simple words, Decreased pay-up insurance program, minus fees and costs, enables the policy holder to obtain a reduced price of fully paying medical insurance. The claimant's hit age will assess the New Policy nominal value. As a consequence, the mortality payment is greater than those of the program which has expired.

The provision can involve restoring a percentage of the gross premiums charged, the plan's cash restitution cost, or a diminished reward dependent on premium collected until the policy has expired.

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The taxpayer’s marginal tax bracket is 25%. Which would the taxpayer prefer? a. $1.00 taxable income rather than $1.25 tax-exemp
Zepler [3.9K]

Answer:

option (d) $1.40 taxable income rather than $1.00 tax-exempt income

Explanation:

The taxpayer would prefer option (d) $1.40 taxable income rather than $1.00 tax-exempt income

The above statement will be chosen because in this case the after tax income will be greater than the tax exempt according to the condition given in the question

Given:

Marginal Tax bracket = 25%

thus,

Taxable income = $1.40

Tax = $1.40 × 0.25 = $0.35

Therefore,

The net income = Taxable income  - Tax = $1.40 - $0.35 = $1.05

and,

$1.05 > $1.00

4 0
3 years ago
When are strawberries in season? (detailed)!
sertanlavr [38]
In season January through November.
7 0
3 years ago
Read 2 more answers
At what age does the "settling" process begin with regard to height?
GarryVolchara [31]
Had to look for the options and here is my answer. The age when the "Settling" process starts in relation to height is 55 YEARS OLD. This is the stage of a person when one reaches middle adulthood. The settling process refers to that event when the the bones that are connected to the spinal column reduces its density.
7 0
3 years ago
On a given morning, Franco sold 40 pairs of shoes for a total of $80 at his shoe store. a. Both the $80 and the quantity of shoe
ruslelena [56]

Answer:

b. The $80 is a nominal variable. The quantity of shoes is a real variable. 

Explanation:

A nominal variable is a variable that hasn't been adjusted for inflation. Prices quoted in the purchase of goods and services are usually nominal variables.

Nominal variable = real variable + inflation rate

Real variable is a variable that has been adjusted for inflation

Real variable = nominal variable - inflation rate.

I hope my answer helps you

3 0
3 years ago
A manufacturer wishes to make tee-shirts for the band Dixie Chicks. They sell for $11 each. She must deliver all the tee-shirts
love history [14]

Answer:

44,000*n dollar

Explanation:

If a machine produce 200 per day at the rate of 11 dollars each and she has 20 days. This implies that each machine will produce 44,000 dollar

Therefore for n machine, she will have money m of 44,000*n dollar

8 0
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