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Brums [2.3K]
3 years ago
6

An ideal prospect for a universal life insurance policy is someone who foresees a possible future need to adjust the amount of t

he death benefit and/or the premium for the policy. Also, the prospect should understand all of the following key terms of such a policy EXCEPT:_______.1. The policy holder does not control investment in policy and hence no investment risk.2. The cash value accrue based on credited interest that changes annually but subject to a minimum credit rate. 3. The death values may only adjusted up and down at certain times stated in the policy.4. The premium payments are deposited into separate account of the life insurance company.
Business
1 answer:
pshichka [43]3 years ago
4 0

Answer:

The correct answer is 4

Explanation:

Universal life insurance is the insurance which is an element of the investment savings and the low premiums such as the term life insurance. These policies have a option of the flexible premium and however, some of the policies require fixed premiums or the single premium.

So, the ideal prospect of the policy states that the premium payments are deposited into the General account of the life insurance company not in the separate account. These policy control the investment not the policyholders.  

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Medical clinic office: Medical case files of deceased patients. Which transfer method? explain your decision?
EleoNora [17]

Answer: Perpetual

Explanation:

It is best to use the perpetual transfer method because the medical case files on deceased patient should be transferred immediately seeing as the patient is no longer alive.

Using a periodic transfer method would mean that files are only transferred at certain times even though the patient may have been deceased for some time.

6 0
3 years ago
Mark decides to only pay the minimum payment each month of $15 for his credit card. He continues to charge purchases to the cred
sladkih [1.3K]
25 hours max wo0ld take him thagtlong 
6 0
3 years ago
Supply chain management should begin with a focus on _______. a. the producer b. the marketing channel c. the customer d. the se
krek1111 [17]

Answer:

(C) Supply chain management should begin with a focus on "the customer".

Explanation:

Supply chain management involves managing all the processes involved in converting raw materials to finished goods and distributing such goods or services to satisfy customer needs.

Processes involved in supply chain management include; sourcing for raw materials, manufacturing, packaging, delivery, customer service.

Before any of these processes are carried out however, an organization must first focus on identifying the needs of its customers and then provide products that add value for the customers and satisfy their needs.

4 0
3 years ago
Elastic demand exists when:
arlik [135]

Answer:

B. a small percentage decrease in price produces a larger percentage increase in quantity demanded and total revenue increases. 

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Elasticity of demand = percentage change in quantity demanded / percentage change in price

Demand is elastic if a small percentage decrease in price produces a larger percentage increase in quantity demanded . Total revenue would increase because the percentage increase in Quanitity demanded exceeds the percentage decrease in price.

If demand is elastic, a small percentage increase in price produces a larger percentage decrease in quantity demanded and total revenue increases.

Here, total revenue falls because percentage decrease in price exceeds the percentage increase in price. 

Demand is inelastic if a small percentage decrease in price produces a smaller percentage increasein quantity demanded.

Demand is perfectly inelastic if the quantity demanded remains the same regardless of level of price.

I hope my answer helps you

6 0
3 years ago
A ________ system tracks all communications between the company and the customer, the purpose of each communication, and any nec
jeka94
Contact management is a system that tracks all communications between the company and the customer, the purpose of each communication, and any necessary follow-up.
4 0
2 years ago
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