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Margarita [4]
3 years ago
10

What is the main difference between whole life insurance and term life insurance?

Business
1 answer:
Stella [2.4K]3 years ago
8 0

Whole life insurance is a type of program that you pay for your "whole life." The premiums tend to stay level on whole life policies.

On the other hand, term life insurance gradually gets more expensive as you get older. Term life insurance is simply the pure cost of insurance with no savings element.

You might be interested in
The ________ statement of a business report provides a clear description of the situation that created the need for the report.
Blababa [14]

Answer:

Problem statement

Explanation:

Problem statement - it is referred to as the statement that given the clear and crystal information about the current situations. it is considered a good source of analyzing the real situations about the ongoing project.

This statement describes the current situations between the current and desired aim of the projects. it expressed the problem in two or three statements.

3 0
3 years ago
Oromyx Inc., a manufacturer of home appliances, received consumer complaints about its product demonstration and installation se
e-lub [12.9K]

Answer:

customer service

Explanation:

Based on the information provided within the question it can be said that the work team improved their customer service. This is because the training program was designed for the work team to better understand the product that they are selling. This knowledge would help them provide the customer with all the information that they need as well as a one on one demonstration of how the product works and the salesperson can also answer any questions that they may be having. All of this contributes towards servicing the customers and providing them with a great experience and product.

3 0
3 years ago
Why might Juan choose a traditional savings account over other more aggressive savings plans?
aniked [119]

Answer:

He needs to be able to withdraw funds at any time.

Explanation:

Juan might choose a traditional savings account over other more aggressive savings plans because a savings account allows him to deposit his money and receives an interest and his money is available for withdrawal at any time he needs it but other more aggressive savings plans that probably would pay higher interest rates don't allow to withdraw the funds for a period of time. Because of this, the answer is that he needs to be able to withdraw funds at any time.

3 0
3 years ago
Consider the market in which bag producers operate. Suppose that the price ot a backpack rises. Explain how this event will chan
netineya [11]

Answer:

A. The quantity of backpacks supplied increases and the supply of backpacks is unchanged

Explanation:

The law of supply states that the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

If the price of backpack increases, the quantity of backpacks supplied would increase. This would lead to an upward movement along the supply curve.

There would be no change in supply.

Changes in price only leads to changes in quantity supplied.

I hope my answer helps you

4 0
4 years ago
Read 2 more answers
Al owned all of the outstanding stock of ABC Corporation. Al transferred a building, cash, and IBM stock to ABC Corporation. The
Xelga [282]

Answer: $10,000

Explanation:

I know this question looks like a lot but it isn't. It is simply asking how much gain was made in the cash that was exchanged.

Now we see that the company acquired the building for $50,000 but acquired the mortgage on it of $40,000 and hence paid off the balance of $10,000 to Al.

So the gain was,

Cash in the amount transferred = (fair market value - mortgage)

= $50,000) - $40,000

= $10,000

$10,000 is the gain that Al should recognize as a result of this transaction.

5 0
4 years ago
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