1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
forsale [732]
3 years ago
10

The person who receives financial protection from a life insurance plan is called

Business
2 answers:
kirza4 [7]3 years ago
7 0
The answer to this question is A. Beneficiary
Payer is the person who buy the insurance (not necessarily for themselves only, can be given to their family or friends). Insured can not only be a person, but it also can be an object (such as cars). And the giver is the company who provide the insurance service for the payer.
Leto [7]3 years ago
5 0

Option (A) is correct.

<u>Beneficiary receives the financial protection from a life insurance plan. </u>

Further Explanation:

Beneficiary:  Beneficiary is a person(s) or an entity which receives the insurance claims at the time of the death of the insured person. When a person buys an insurance plan and appoints a beneficiary who would receive the benefits of the insurance at the time of the death of the insured person.  

<u> In the given case, the person is receiving the financial protection from the life insurance plan is considered as beneficiary because this party would receive the insurance benefits after the death of the insured person. </u>

Justification for the correct and the incorrect options:

A.

Beneficiary: This is the correct option.

The beneficiary refers to the person who receives the insurance benefits at the time of the death of the insured person.

B.

Payer: This is an incorrect option.

The payer pays the insurance premium for the insurance plan.

C.

Insured: This is an incorrect option.

Insured person is the party whose death forces the insurance company to pay the insurance benefits to the beneficiary.

D.

Giver: This is an incorrect option.

Premium does not receive the financial protection from the insurance plan.

Learn more:

Learn more about health care insurance

brainly.com/question/7325538

Learn more about the insurance rules

brainly.com/question/6075135

Learn more about the insurance cover

brainly.com/question/1362335

Answer details:

Grade: High School

Subject: Business Studies

Chapter: Life Insurance Policies

Keywords: Person, receives, financial protection, life insurance plan, called, beneficiary, payer, insured, giver, insurance plan, insurance, parties of the insurance plan, death of the insured, claims, who receives.

You might be interested in
James, an administrative manager at Seal Inc., is asked to purchase 100 printers for the firm’s office. He contacts a sales repr
Reptile [31]

Answer:

a. Retailer

Explanation:

Retailer is "a business or person that sells goods to the consumer, as opposed to a wholesaler or supplier, who normally sell their goods to another business "

Reference: WebFinance. “Read the Full Definition.” BusinessDictionary.com, 2019

8 0
3 years ago
If you were to start a business delivering documents, you might need to purchase cell phones, bicycles, desks, and chairs. a. Th
Alex Ar [27]

Answer:

The answer is B.

Explanation:

Capital is what is used to start a business. It is what the owner's contribution in the business. In advanced class, it is called stock or equity. Capital is usually from the owner's savings. But if this money is borrowed either from an individual or a bank, the person is a borrower while the other party is the lender.

Option A is incorrect because money raised from someone makes the person borrowing a borrower and not a saver.

Option C and D are incorrect because the items needed for the business are not consumables, they are needed for the smooth running of the business, hence they are not consumption.

4 0
3 years ago
E-businesses use the physical rather than the virtual value chain
Olenka [21]

Answer:

trueee

Explanation:

5 0
2 years ago
A project that costs $1,900 to install will provide annual cash flows of $500 for the next 5 years. The firm accepts projects wi
Doss [256]

Answer:

A. 3.8 YEARS

B YES

C $325.91

Explanation:

Payback period is the amount of time it takes to recover the amount invested in a project from its cumulative cash flows.

payback period = amount invested / cash flows

$1,900 / $500 = 3.8 years

the project should be accepted because the payback period is less than the maximum acceptable year

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator

cash flow in year 0 = $-1900

cash flow each year from year 1 to 5 = $500

I = 4%

NPV = $325.91

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

6 0
3 years ago
Rarely, the vintage date on a bottle of wine is not the same as the harvest year, but is the calendar year before the harvest ye
Inga [223]
Ice Wines

Ice wines are a type of dessert wine with a characteristic sweet taste. They are made from grapes that have been frozen (i.e. by frost) while still on the vine, and are thus mostly produced in countries in which favorably cold temperatures at certain times of the year can be attained with regularity. These countries include Germany and Canada. 
<span>
Since the grapes are frozen on the vine, only the water freezes, and not the sugars and other dissolved solids. This produces only smaller amounts of wine which is more concentrated and very sweet. However, the sweetness is balanced by its high acidity, making it refreshingly sweet. </span>
3 0
3 years ago
Other questions:
  • According to the text, the most sensible method for budgeting for promotion expenses is to: A. allocate some fixed percentage of
    8·1 answer
  • A male customer of a sports bar has taken a particular liking to one of the waitresses, and always asks to be seated at her stat
    14·1 answer
  • The Market Outlet has a beta of 1.38 and a cost of equity of 14.945 percent. The risk-free rate of return is 4.25 percent. What
    14·1 answer
  • What is the horizontal rule in a customer service aspect?
    13·1 answer
  • The following investment opportunities are available to an investment center manager: Project Initial Investment Annual Earnings
    15·1 answer
  • What term describes the execution of business transactions in a paperless environment, primarily through the Internet
    5·1 answer
  • Suppose you deposit ​$1400 cash into your checking account. By how much will checking deposits in the banking system increase as
    13·1 answer
  • Suppose the demand function for good X is given by: Q_dx = 15-0 5P_x - 0.8 P y where Q_dx is the quantity demanded of good X, P_
    14·1 answer
  • Tim and Tammy are updating their financial plan and are concerned that they might not have enough life insurance coverage for th
    11·1 answer
  • You are Maria Herrera and have recently been promoted… Where are you going to do to address the issue?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!