Is that really a question... I hope not.
Replacement rule would apply if an agent knows an applicant is going to cash in an old policy and use the funds to purchase new insurance.
Insurance refers to a type of risk management in which the insurer provides the insured with protection from risks of all kinds - financial, health, accidental, etc.
The insured is also called the policyholder, and he makes a payment called premium to be insured. If the specified event for which the insurance cover is provided takes place, the insurer is bound to compensate the insured financially.
A replacement rule delineates the process in which the premium payments on existing policy is discontinued or forfeited, and a new policy is purchased.
To learn more about the replacement rule: brainly.com/question/27922977
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<em>Tuli can improve her performance by means of observing relational level in terms of customer assistance satisfaction thru establishing good business relationship to all people involve in her work. Starting from her co-workers to business associates, clients, suppliers and even stakeholders. No matter how good a product is, if one person couldn't handle a good attitude in making transaction with their clients or co-workers, the company could experience a great loss and revenue. Therefore, Tuli can do the following:
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<em>1. She must communicate more often and in a friendly way to all who she is working with. She could start every conversation with politeness and friendly greetings to everyone.
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<em>2. She must always put a personal touch on her work such as giving joy to her customers and co-workers as she delivers products and services.
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<em>3. She must learn to become a good teamworker. As long as she knows how to work with other people, then she could learn from them and get tips from them. Good relationship to her customers will help her and the company to establish a good reputation to all clients.</em>
Answer:
$146,212.00
Explanation:
PMT which is the annual savings is $2000
Rate is 8%
The annual savings would last for 25 years(65-40)
FVIFA FACTOR=(1+r)^n-1/r
r=8%
n=25
FVIFA FACTOR=(1+8%)^25-1/8%
FVIFA FACTOR=(1.08)^25-1/0.08
FVIFA FACTOR=(6.848475196-1)/0.08=73.106
Amount in the account at retirement=PMT*FVIFA FACTOR
Amount in the account at retirement=$2000*73.106=$146,212.00
Answer:
The indifference point is 10,000 units.
Explanation:
Giving the following information:
Two vendors have presented proposals. The fixed costs are $ 50,000 for proposal A and $ 70,000 for proposal B. The variable cost is $ 12.00 for A and $ 10.00 for B. The revenue generated by each unit is $ 20.00.
Proposal A= 50,000 + 12*x
Proposal B= 70,000 + 10*x
70,000 + 10x= 50,000 + 12x
20000= 2x
10000= x
The indifference point is 10,000 units.