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Elena-2011 [213]
3 years ago
9

J has a whole life policy with a return of premium rider. Which of the following would best describe this rider?

Business
1 answer:
mixas84 [53]3 years ago
4 0

Answer:

The correct answer is:

A term rider on a permanent policy.

Explanation:

A return of premium rider refers to the case when the insured adds some additional clauses to the normal policy for an extra cost. A rider is obtained considering a specific period of time in which the policy would be paid to the beneficiaries in case of death, sickness or disability of the insured person. In case that the insured subject lives more than the pre-established period of time the amount that he paid for the return of premium rider would be given back to him. For example if J pays $50 monthly for a 30 years life term policy and he lives after that period of time, he will receive $18.000 at the end of the contract as a premium return.

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Several years ago, Castles in the Sand Inc. issued bonds at face value of $1,000 at a yield to maturity of 8%. Now, with 7 years
maxonik [38]

Answer:

$814.10

Explanation:

Calculation to determine what the price of the bond now

Using this formula

Bond price = PV of coupon payments + PV of face value

Bond price= C×((1 / r) – {1 / [r(1 + r)t]}) + FV / (1 + r)t

Let plug in the formula

Bond price= [(.080 ×$1,000) / 2] ×[[1 / (.12 / 2)] – (1 / {(.12 / 2)[1 + (.12 / 2)](7 ×2)})] + $1,000 / [1 + (.12 / 2)](7 ×2)

Bond price= $814.10

Therefore the price of the bond now is $814.10

3 0
3 years ago
When you create an appointment schedule for the doctor, based on her preferences, you should _____. A. avoid scheduling appointm
shusha [124]

When you create an appointment schedule for the doctor, based on her preferences, you should (D) all of the above.

<h3>What is an appointment?</h3>
  • A legal appointment is one in which the subject matter is of a legal character.
  • Meetings with attorneys, administrative hearings, interviews and/or interactions with police officers, and any type of appeal affecting housing, finances, or an individual's civil liberty are examples of these appointments.
<h3>Solution -</h3>

So when we create an appointment for the doctor, based on her preferences we should:
Avoid being too early or too late, we just have to be at the right time. So option (A) is correct.

We should always try to create appointments in blocks to make the appointment comfortable for both. So, option (B) is also correct.

Whenever we fix an appointment, we should always consider the travel time. So, option (C) is also correct.

Therefore, when you create an appointment schedule for the doctor, based on her preferences, you should (D) all of the above.

Know more about appointments here:

brainly.com/question/24294091

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6 0
2 years ago
You invest $600 in security A with a beta of 1.5 and $400 in security B with a beta of 0.90. The beta of this portfolio is _____
klio [65]

Answer:

Beta= 1.26

Explanation:

<u>First, we will calculate the proportion of the portfolio of each security:</u>

Security A= 600/1,000= 0.6

Security B= 400/1,000= 0.4

<u>Now, the beta of the portfolio:</u>

Beta= (proportion of investment A*beta A) + (proportion of investment B*beta B)

Beta= (0.6*1.5) + (0.4*0.9)

Beta= 1.26

7 0
3 years ago
Integrated Devices, Inc., is a private, for-profit corporation that is owned by five shareholders who are members of the same fa
yan [13]

Integrated is a close corporation.

<h3>What is corporation?</h3>
  • A corporation is a collection of people or a business that has been given legal status as a single entity by the state and is used for specific legal purposes.
  • Early corporations were created with a charter. The majority of governments currently permit the registration of new corporations.
  • There are four main forms of corporations: sole proprietorships, Limited Liability Companies (LLCs), S-Corporations (S-Corps), and C-Corporations (C-Corp).
  • Examples of corporations are Apple Inc., Walmart Inc., and Microsoft Corporation.
<h3>What is a close corporation?</h3>
  • A close corporation is a business that has fewer shareholders than the statutory limit and is not a public company.
  • The maximum number of shareholders is typically 35, though this varies according on the state's corporate regulations.

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5 0
2 years ago
Jillian has just started her first job with a $45,000 salary at a company with a 401(k) plan that has a 100% match up to 3% gros
gogolik [260]

Answer:

Jillian

What Jillian should ideally do is:

a. Contribute 1650 in a Roth IRA, and 1350 In her company’s 401(k) plan.

Explanation:

a) Data and Calculations:

Salary = $45,000

401(k) = 3% of $45,000 = $1,350

Employer's match to the 401(k) = $1,350 (100%)

Savings affordable = $3,000

b) Jillian can contribute to Roth IRA and her company 401(k) which her company will also match 100%.  Her contributions to both funds are within the allowed limits.  In 2020, the allowed limit of 401(k) plan is $19,500 while that of Roth IRA is $6,000.

4 0
3 years ago
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