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2 years ago

COMPARE AND CONTRAST WHOLE LIFE,VARIABLE LIFE AND TERM LIFE?

Business

2 answers:

LuckyWell [14K]2 years ago

6 0

Answer:

<h3>WHOLE LIFE: This policy covers the person for his entire life and then pays a cash revenue that is guaranteed for the investments made during the life of the owner of the policy. For this benefits to be obtained the person must pay a fixed high premium for it.</h3>

<h3>VARIABLE LIFE: This policy covers the person for the same period as the whole life insurance but the premium is not fixed as the cash revenue for investments is not guaranteed.</h3>

<h3>TERM LIFE: The term life insurance is set up for an pecific period the premiums are the lowest and persons won't collect any cash payments for revenues made out of investments at the end of the coverage of the policy</h3><h2 />

Sergeu [11.5K]2 years ago

3 0

Answer:

WHOLE LIFE: This policy covers the person for his entire life and then pays a cash revenue that is guaranted for the investments made during the life of the owner of the policy. For this benefits to be obtained the person must pay a fixed high premium for it.

VARIABLE LIFE: This policy covers the person for the same period as the whole life insurance but the premium is not fixed as the cash revenue for investments is not guaranted.

TERM LIFE: The term life insurance is set up for an especific period the premiums are the lowest and persons won't collect any cash payments for revenues made out of investments at the end of the coverage of the policy.

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2 years ago

Metaline Corp. uses the weighted average method for inventory costs and had the following information available for the year. Th

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Answer:

Total equivalent units= 4,190

Explanation:

Giving the following information:

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<u>We need to calculate the number of units completed and transferred out.</u>

Beginning work in process= 250*0.7= 175

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3 years ago

Suppose there were several large outstanding checks on the year-end bank reconciliation that did not clear the bank by the cutof

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Insufficient funds and irregular signatures are reasons why a cheque may not be cleared in time.

<h3>What is a Cheque?</h3>

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2 years ago

Assuming a 360 day year, the interest charged by the bank at the rate of 6%, on a 90 day discounted note payable of 100,000 is:_

Readme [11.4K]

Answer:B. $1,500

Explanation:

Interest revenue is money earned when an entity or individual loans money to another. it can also be regarded as money accrued from investments. IT is calculated as

Interest Revenue = Principal x Rate x Time

= $100,000 x 6% x 90/360

= $100,000 x 0.06 x 0.25

= $1,500

Therefore the interest charge by the bank is $1500.

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2 years ago

Tell, Inc., leased a building from Lott Corp. Tell paid monthly rent of $500 and was also responsible for paying the building’s

Ugo [173]

Answer:

Tell and Vorn

Explanation:

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3 years ago