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V125BC [204]
3 years ago
11

Which of the following statements about health insurance is false

Business
1 answer:
Novosadov [1.4K]3 years ago
6 0

Answer:

Option C

Explanation:

The reason is that the health insurance plan helps the insurer to limit the risk of paying one off payment to contribute for his or her health so it can help to shift this risk to another party (Health Insurance Company) by contributing a small amount of money.

Furthermore, the insurance planning also helps in accepting the level of risk to shift to the insurance company and retain the risk share to itself because the person might think he will not face such risks in future.

The paying for health insurance might be more expensive than the original expense because their are chances that the person doesn't gets ill because he follows proper diet plans, is health conscious and take exercise daily. So paying for health insurance becomes a burden. So the option C is incorrect.

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What type of wave is sound?
Irina18 [472]

Answer:

b longitudinal

Explanation:

it is b longitudinal. I just know

7 0
3 years ago
Read 2 more answers
An individual has been making periodic premium payments on an annuity. The annuity income payments are scheduled to begin after
3241004551 [841]

Answer: Deferred

Explanation:

The deffered is one of the type of annuity that helps in making the various types of insurance related contracts for the purpose of long time savings.

A deferred annuity is one of the type of contract where they pay some amount of their profit to the owner on the regular basis and it also used by various types of investors for profit purpose.

According to the question, the deffered annuity is making the various types of periodic payments that helps in scheduling the annuity after one year. Therefore, Deferred is the correct answer.

5 0
3 years ago
You want to save sufficient funds to generate an annual cash flow of $55,000 a year for 25 years as retirement income. You curre
Fynjy0 [20]

Answer:

The correct answer is $7,056.46

Explanation:

Giving the following information:

You want to save sufficient funds to generate an annual cash flow of $55,000 a year for 25 years as retirement income. How much do you need to save each year if you can earn 7.5 percent on your savings?

Final value= 55,000*25= 1,375,000

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (1,375,000*0.075)/[(1.075^38)-1]= $7,056.46

5 0
3 years ago
Suppose you are committed to owning a $215,000 ferrari. if you believe your mutual fund can achieve an annual return of 10.8 per
Pie

Answer: I must invest <u>$85424.14</u> today in order to buy a Ferrari nine years from now on the day I turn 30.

We have

Price of the Ferrari nine years from now (Future Value - FV)    $215000

Expected Rate of return on the mutual fund (r)    10.8%

Time until I turn 30  (n)   9 years

We can calculate the Present Value (PV) or the money to be invested today as

\mathbf{PV = \frac{FV}{(1+n)^{n}}}

PV = \frac{215000}{(1+0.108)^{9}}

\mathbf{PV = 85424.14022}

6 0
3 years ago
At which point in the residential selling process does the real estate professional prepare a comparative market analysis?
mash [69]

Real estate attorney is the point in the residential selling process does the real estate professional prepare a comparative market analysis.

Real estate is property that consists of land and buildings on it, as well as natural resources such as crops, minerals and water. real property of this kind; a related interest in property, buildings, or dwellings in general;

Property is private property in the form of buildings or land. Property can be for residential, commercial or industrial use and includes any land-based resource such as water or minerals.

Real estate is generally a great investment opportunity. It can generate ongoing passive income and can be an excellent long-term investment if the value increases over time. It can also be used as part of an overall strategy to start building wealth.

Learn more about real estate here:brainly.com/question/5053499
#SPJ4

3 0
2 years ago
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