Grace period allows an insured's life insurance policy to remain in force even if the premium was not paid on the due date.
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What is grace period?</h3>
A life insurance policy won't lapse during the grace period even though a payment is past due after a missed insurance premium is due. Every state in the US requires the grace period, a highly helpful provision, to be included in every life insurance policy. Depending on the rules of each state, the minimum grace period is from 28 to 31 days; however, some businesses may grant extended grace periods.
When the required number of days have gone, the grace period formally ends at the close of business on the day the missing premium payment is due. The grace period in a whole life, universal life, or variable universal life policy would only be applicable if the premium payment was past due and there was no cash value left in the policy. It is unlikely that a policy will enter "grace period status" if a premium payment is missed if cash value is still present as long as it may be utilised to pay the premium or at the very least draw a loan to pay the premium.
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Answer:
a. identify strategies that exploit external opportunities, counter threats, build on strengths, and eradicate weaknesses.
Explanation:
SWOT is an acronym for Strengths, Weaknesses, Opportunities and Threats.
It is used to assess an organization's competitive strength and to devise strategies accordingly.
Strengths relate to an organization's specialization which provides a competitive edge to it.
Weaknesses refer to shortcomings or limitations of an organization. Weaknesses could be inherent.
Opportunities refer to favorable situations available at the disposal of the organization which it must seize immediately.
Threats relate to dangers arising out of changes in the business environment.
The aim of SWOT analysis activity is to come up with those strategies which make the most out of available opportunities, overcome threats, further build up strengths and eliminate weaknesses.
Answer: D. do all of these.
Explanation:CARD(credit card accountability, responsibility and disclosure) act is a set of guidelines and rules which guides consumers and help them to better understand their credit cards and reduce and control unfair practices from credit card companies, those rules, also concerns college students.
ALL THE OPTIONS ARE CORRECT REGARDING CARD RULES AND GUIDELINES FOR COLLEGE STUDENTS.
Answer:
$48,240
Explanation:
If we are offering a job at a salary of $36,000 per year.
Employer taxes (social security, unemployement, etc.) will add 9% to the cost of the employee and benefits will add 25%.
Then the total expected annual cost to hire the employee will be
Basic Salary 36,000
Add: Employer taxes of (9% 0f 36000)
Add: Employee Benefits of (25% of 36000)
Total cost = $48,240
Answer:
d. negative relation between the real interest rate and investment.
Explanation:
The demand curve for loanable funds is a downward sloping curve, with interest as the independent variable.
Such because 'demand' for 'investment' i.e loanable funds is inversely related to 'price' of loanable funds i.e their interest.
- At higher interest rate : loanable funds & investment is expensive, so it is demanded less
- At lower interest rate : loanable funds & investment is cheaper, so it is demanded more.
