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stira [4]
3 years ago
6

Frank is a married man with 2 children. he wishes to buy life insurance policy that will pay out when he dies. What type of poli

cy will meet his needs? a. debt policy b. permanent policy c. Term policy d. neither
Business
2 answers:
crimeas [40]3 years ago
6 0
Sure, let me help you on this one!

Well, we need a policy that will not expire, and that has a death benefit. The only one on the list that fits this description would be letter B.

There are tons of life insurances out there; however, permanent insurance is one of few that pays out money to the relatives to help them achieve their life goals such as paying tuition for college. 

Answer: permanent policy.
Bingel [31]3 years ago
5 0
B) permanent Insurance provides lifelong protection and the ability to accumulate cash value on on tax-deferred basis . unlike term insurance a permanent insurance policy will remain in enforce for as long as you continue to pay your premiums
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Answer:

The first annual depoisit will be of 3,373.49 dollars

Explanation:

Given the formula for future growing annuity

we need to solve for the yearly payment:

grow rate:  0.04

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(/1+0.08/2)^2-1 = r_e\\

r= 0.0816

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n 46

<em><u>Formula for future value fo an ordinary annuity:</u></em>

C_0 \times \frac{(1+r)^n-(1+g)^n}{r-g}  = FV

C_0 \times \frac{(1+0.0816)^{46}-(1+0.04)^{46}}{0.0816-0.04}  = 2,500,000\\C_0 = $3,373.4855

The first annual depoisit will be of 3,373.49 dollars

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3 years ago
Answer gets brainliest
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D. A 30-minute walk each day provides health benefits for employees,

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8 0
2 years ago
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What is considered a necessary loan
aliya0001 [1]

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Car loan, Student loan, Home loan are examples of necessary loans.

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6 0
3 years ago
Weightman Corporation's net operating income in Year 2 was $76,385, net income before taxes was $55,385, and the net income was
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11.00

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This question is asked to find out potential benefit from consuming the product

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3 years ago
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