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Snezhnost [94]
3 years ago
14

If an insured is concerned about being unable to pay the premiums on his or her whole life policy in the event of a total disabi

lity, which of the following riders should be added to the policy?a. Waiver of Cost of Insurance
b. Payor Benefit
c. Waiver of Premium
d. Disability Income Benefit
Business
1 answer:
ELEN [110]3 years ago
4 0

Answer:

c. Waiver of Premium

Explanation:

A waiver of premium is clause in an insurance contract in which the insurance company promises not to oblige the insurer to pay a fee to maintain the contract in some extraordinary cases: these cases are usually either disability or death.

Because in the case of this question the insured is concerned about becoming disable and losing the ability to pay for the contract, he is likely to benefit from a waiver of premium included in his insurance contract.

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Your professor hands you a piece of paper with the number 75 on it and tells you this is your current average in the class. Sinc
zzz [600]

Answer:

Your professor hands you a piece of paper with the number 75 on it and tells you this is your current average in the class. Since this is your fourth year as a college student, you know you could work hard to bring that average up to a B by the end of the semester. This is data.

D. data

Explanation:

To understand what data is, consider the explanation below;

1. Data: data is a piece of raw information that can be converted to useful information. They are facts and statistics usually derived from observations and study that once processed and analysed, useful information can be extracted from it. Data can be analysed in different ways depending on the expected results. In the modern age, data is very important since they provided a factual basis for theories. Data can be processed manually or through the use of software applications.

An example of data is the score that the professor gave you which is 75, this score implies a specific grade ranking. This data was useful to you, since you analysed it and came to the conclusion that by working hard you can average this score up to a B by the end of the semester. The process through which you took the data which is 75, analysed it by comparing it to the grading system and coming to a conclusion is an example of data processing.

3 0
3 years ago
When attempting a simple and basic approach to organizing your ideas, you might want to use a scratch, or ___, outline.
kolezko [41]
I think you could use web notes
4 0
3 years ago
A personal account earmarked as a retirement supplement contains $338,000. Suppose $300,000 is used to establish an annuity that
elena55 [62]

Answer:

23.275 years

Explanation:

Given:

Present value or the amount invested = $ 300,000

Rate = 6% compounded quarterly

i.e the rate of return quarterly will be = 6% / 4 = 1.5%

Quarterly payment = $ 6,000

Annuity = $ 0

Now,

Present value of annuity = Part payment × (\frac{1-\frac{1}{(1+r)^n}}{r})

where,

n is the number of quarters

on substituting the values in the formula, we get

$ 300,000 = $ 6000 ×  (\frac{1-\frac{1}{(1+(0.015))^n}}{0.015})

or

50 × 0.015 =  ({1-\frac{1}{(1.015))^n})

or

{\frac{1}{(1.015))^n} = 1 - 0.75

or

4 = (1.015)^n}

taking log both the sides

we get

log 4 = n × log 1.015

or

0.602 = n × 0.0064

or

n = 93.101 quarters

or

n = 93.101 / 4 = 23.275 years

5 0
4 years ago
Bob invests X in an account that pays interest at an annual effective rate of 8%. Ten years later, he withdraws X. Ten years aft
maw [93]

Answer:

$399.68

Explanation:

The computation of X is shown below:

X = X ÷ (1 + 0.08)^10  + $1,000 ÷ (1 + 0.08)^20

= X ÷ 2.158925 + 214.548207

X - X ÷ 2.158925 = 214.548207

2.158925X - X ÷ 2.158925 = 214.548207

1.158925X = 214.548207 × 2.158925

X = 2.14548207 × 2.158925 ÷ 1.158925

= $399.68

4 0
3 years ago
Under normal conditions (75% probability), financing plan a will produce $25,000 higher return than plan
fgiga [73]
<span>wanted independent control of their own affairs</span>
3 0
4 years ago
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