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Arturiano [62]
3 years ago
15

Paula is 24 years of age and owns a $20,000 whole life policy with a guaranteed insurability rider. At age 25, Paula exercised h

er first option without proving insurability and purchased another $20,000 policy. At age 27 Paula contacted the insurer and asked if she could exercise her next option a year early. How will the insurer respond
Business
1 answer:
wel3 years ago
5 0

Answer:

The insurer shall inform Paula  that she cannot move towards the next option date but she can buy some more insurance, by proving her insurability.

Explanation:

Insurability rider is a kind of option that is available only in some health insurance policies. Where it is guaranteed it provides for the extra benefit where the person can get to buy another insurances to following the minimums and maximums, but at a specific defined future dates.

This shall ensure for the benefit of the user buying the insurance as they do not have to go through any further examination for buying the insurance.

Here, also the insurer can ask her to buy another insurance as with the explained reasons stated above.

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3 years ago
Allstate shipping body forklift for $20,000. It is expected to have a five-year useful life and trade in value of $2,000. Prepar
timama [110]

In order to calculate the depreciation using the double declining balance method you must first calculate the amount of depreciate using the straight line method. After you calculate it by the straight line method, you simply need to double it for this this problem.

The original price is $20,000, and then subtract the $2,000 estimated trade in value and the answer is $18,000. This is the amount that you need to depreciate.

Straight line method: $18,000 divided by the 5 year useful life = $3,600 per year.

Double declining balance = $3,600 x2 = $7,200 per year depreciation.

Year Depreciation Amount

1 7,200

2 7,200

3. 3,600

3 0
3 years ago
Before beginning to compose a successful business message, you need to collect necessary information by conducting informal or f
dybincka [34]

The questions should I  ask myself in order to avoid frustration and inaccurate messages are :

  • How should the receiver respond?
  • How should the receiver respond?
  • What details regarding this subject should the receiver be aware of?
<h2>How can I develop a company message that is effective?</h2>

You must first gather the relevant data by completing either formal or informal research before you can start to write a good business message. Frequently, the data you gather while conducting research aids in the development of your message.

<h2>Which of the following best sums up a message with a long-term impact?</h2>

A message that is highly complicated and has a long-term impact should be delivered verbally." Identify whether the claim is accurate or not. Despite the possibility that audiences will accept imprecise, vague, or conflicting business communications.

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#SPJ4

5 0
2 years ago
The overall learning goals for an educational program like the one you’re taking are called _______.
Gennadij [26K]
B. Objectives. Grades are a result of the course
6 0
3 years ago
Eight years ago you borrowed $142,000 at a fixed annual rate of 10.5 percent p.a. to buy a house. Your loan is a 30-year, monthl
Law Incorporation [45]

Answer:

   Payoff=\$131,338.81

Explanation:

Except for other fees or interests that you might owe, the<em> payoff </em>should be equal to the debt balance. Then, assuming no other fees or interests that you might owe, you just must calculate the balance of your debt after 112 payments (11 years, not 8).

There is a very important formula to calculate the outsdanging balance of a loan, whithout calculating the complete sheet of all the monthly payments:

       balance=Loan\times \dfrac{[(1+r)^n-(1 + r)^m]}{[(1+r)^n-1]}

Where:

  • balance is the outstanding balance after m months
  • r i s the fixed monthly rate: 10.5%/12 = 0.105/12
  • n is the number of total months of the loan: 30years × 12month/year = 360 months
  • m: 112

       balance=\$142,000\times \dfrac{[(1+(0.105/12))^{112}-(1 + (0.105/12))^{112}]}{[(1+(0.105/12))^{360}-1]}

      balance=\$131,338.81

3 0
3 years ago
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