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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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SDLC is: 1. A plan to outsource and insource an information system to meet the organization's information needs 2. An informatio
algol13
<h3>SDLC is a way to deliver efficient information systems that fit with an organization's strategic business plan </h3>

Explanation:

Software Development Life Cycle (SDLC) is a method used by the software industry for designing, producing and reviewing applications of high quality. The SDLC strives to create a high-quality product that meets or exceeds customer requirements, completes in time and estimates of costs.

A life cycle of software development is close to that of a life cycle of a project.  In fact, in many situations, SDLC is considered to be a phased project model that matches the organizational business plan, personnel, policy, and budgeting constraints of a huge scale systems project.

4 0
3 years ago
Monopoly producers are faced with A. only a few competitors producing the same product. B. no competitive producers of the same
VashaNatasha [74]

Answer:

B) no competitive producer of the same product

Explanation:

Monopoly refers to a single seller selling a unique product to a large number of buyers. A monopoly dominate the industry has total control of the market.

Characteristics of a Monopoly

1) High barrier to entry: This implies that competitors are restricted. New sellers are not allowed entry.

2) Single seller and large buyers: There is a single seller selling to a large number of consumers in the market.

3) Unique product: The product sold in a monopoly are unique have little or no close substitute.

4) Price Maker: A monopoly decides on the price he wants to sell his product. He can increase the price at will.

5) Economies of scale: A monopoly enjoys economies of scale because he can buy raw materials in large quantity at a reduced price, thereby reducing the cost of production and increasing Profits.

6) No competitor: Since the market is characterised by a single seller, high barrier to entry, then, competitor does not exist in a monopoly market.

3 0
4 years ago
Read 2 more answers
A good strategy for managing social stress is?
dybincka [34]
Well I find music very helpful.
5 0
4 years ago
Read 2 more answers
The entry of new firms cause the demand curve of an existing firm in a monopolistically competitive market to shift to the left
Ugo [173]
My Answer: The entry of new firms cause the demand curve of an existing firm in a monopolistically competitive market to shift to the left because each will have a smaller share of the existing market and become more elastic since <span>consumers will have additional choices.

Hope I helped! :D</span>
5 0
3 years ago
Rasheed works for Company A, earning $299,000 in salary during 2019. Assuming he is single and has no other sources of income, w
Vaselesa [24]

Answer:

$13,466

Explanation:

For 2019, the wage limit for Social Security tax is $132900

Thus;

Social Security tax $132,900x 6.2% = $8,239.80

Medicare tax = $299,000 x 1.45% = $4335.50

Additional Medicare Tax ($299,000 - $200000) x 0.9% = $891

therefore,

Amount of FICA Tax = $8239.80 + $4335.50 + $891 = $13,466.30 which is approximately $13,466

6 0
3 years ago
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