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
Pavlova-9 [17]
3 years ago
11

While a Guaranteed No-lapse Rider relieves the policyowner of the responsibility of monitoring the policy's cash value what is r

equired of him/her to make sure that the policy's no-lapse rider remains in effect?
Business
1 answer:
True [87]3 years ago
8 0

Pay the Premium in full and on time.

Explanation:

A No-lapse guarantee offers an insurance company commitment that a fixed life insurance policy is in place – even though, as long as the agreed retention premium is calculated at the required time, the cash value in the policies drops to zero or less than zero.

The No-Lapse insurance fee is the amount to be paid in order for the policy to remain in force unless the policy is carried out effectively for a certain number of years. The coverage will continue during the lapse period, even when the cash value drops to zero. The insurer provides the guarantee.

When the fee is not collected on the due date, it shall be deemed to have been default and the policyholder may forfeit his advantages. During that time, the fee can be charged without additional charges and the scheme remains in effect.

You might be interested in
What is the practice of negotiating labor contracts that keep unnecessary workers on a company’s payroll called?
Rudiy27
<span>featherbedding is the answer


</span>
5 0
3 years ago
Read 2 more answers
You go to the electronics store to buy 3 CDs. Each CD’s original cost is $9.99. You have a coupon for 10% off and the sales tax
g100num [7]
$28.59 is your answer happy to help (:
4 0
3 years ago
McDonald's major distribution partner, The Martin-Brower Company, needs at least $1 million to build a new warehouse in Medicine
aleksley [76]

Answer:

No it wont have enough money to build a warehouse in two years.

Explanation:

Firstly we are given that the warehouse is $1 million so the company needs to save this amount of money in two years time.

We know that the company has invested $500000 to date therefore we need to calculate if this $50000 per quarter investment will cover the the other portion for $500000 to meet the warehouse cost of $1 million so we will use the future value annuity formula to calculate this which is :

Fv = C[((1+i)^n -1)/i]

where Fv will be the future value after two years of the $50000 investment

C is the periodic payment of $50000

i is the interest rate per period which is 6% per quarter

n is the number of periods the payment is done here it is 4 x 2years= 8 periods / investments of $50000 that will be done.

thereafter we substitute on the above formula:

Fv = 50000[((1+6%)^8 - 1)/6%]

Fv = $494873.40

then we combine this amount to $500000 to see if it reaches $1 million

$494873.40+ $500000 = $994873.40 which is close to the warehouse cost of $1 million but it does not reach it so the company wont have enough money to purchase the warehouse.

5 0
3 years ago
Armstrong Corporation manufactures bicycle parts. The company currently has a $18,500 inventory of parts that have become obsole
MaRussiya [10]

Explanation:

There are two alternatives

1. Sold for $6,300

The inventory parts should be sold for $6,300 as the current inventory parts are not relevant as it is a sunk cost i.e $18,500

2. Repair and after that sale it

Now in this case, we have to determine the benefit generated i.e come from

= Sale value - repairing cost

= $19,700 - $9,100

= $10,600

As we can see that the alternative 2 generated higher benefit as compare to the alternative 1 so it would be more beneficial for the company

3 0
3 years ago
Which of the following information you may obtain from a client is the best example of qualitative information?A)Whether he has
Oksanka [162]

The amount of his monthly net cash flow  is the best example of qualitative information

The choice usefulness, decision model approach to accounting theory plays a significant supportive role in the utilization of qualitative traits or qualities required for information. The attributes that make the data supplied in financial statements valuable to users are referred to as qualitative qualities.

Fundamental qualitative traits that are desired in accounting information are produced by the demand for accounting information from investors, lenders, creditors, etc. Accounting information has six distinct qualitative traits.

To lean more about qualitative refer here:

brainly.com/question/28483241

#SPJ4

6 0
1 year ago
Other questions:
  • Silver Co. has a $430 petty cash fund. At the end of the first month the accumulated receipts represent $66 for delivery expense
    8·1 answer
  • One of the main differences between residential mortgage loans and permanent financing of commercial real estate lies in the all
    12·1 answer
  • The ________ phase of the strategic marketing process usually results in a(n) ________ that sets the direction for the marketing
    7·1 answer
  • As randomly selected securities are combined to create a portfolio, the ________ risk of the portfolio decreases until 10 to 20
    5·1 answer
  • Suppose the total deposits in the Last Bank of Commerce are $100,000, and $20,000 of the total deposit is set aside as reserves
    12·1 answer
  • Olivia’s employer deducts an amount from her paycheck for the Medicare program. What type of withholding is being deducted from
    15·2 answers
  • In France, fine dressmaking and tailoring have been a tradition predating Queen Marie Antoinette. Cloth manufacturers, design sc
    13·1 answer
  • A conceptual framework is an analytical tool with several variations and contexts. It can be applied in different categories of
    15·1 answer
  • Consolidation accounting:______
    8·1 answer
  • Current disposable income held to buy consumption goods in the future is referred to as:______.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!