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Simora [160]
3 years ago
11

An individual purchased a fixed annuity with flexible premiums. When she annuitized the policy, she chose the Life Income 10-Yea

r Certain option. What would the beneficiary receive if the annuitant dies 4 years after the annuity payout began?
Business
1 answer:
Dvinal [7]3 years ago
5 0

Answer:

The beneficiary should receive 6 more years of payment.

Explanation:

An annuity certain option guarantees that the insured or his/her beneficiaries will receive payments for a minimum period of time in case the insured dies.

In this question the certain option was 10 years, during the first 4 years the insured received his/her annuity payments, but once the insured passed away, his/her beneficiaries will continue to receive payments until the 10 year period ends (6 more years).

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It is important to use information that is both reliable and relevant when making financial decisions. True False
melamori03 [73]
True because if you don’t have those things you won’t have a stable finance situation and if something goes wrong you will be in a pickle.
3 0
3 years ago
When McDonald's offers healthy menu items in hopes of avoiding competition with Wendy's and Burger King, it uses ________ positi
antoniya [11.8K]

McDonald's offering a healthy menu to avoid competition is referred to as differentiation positioning.

<h3>What is Differentiation positioning?</h3>

This is strategy adopted by companies in making their products and services very unique and beneficial to the populace.

This being done ensures that they avoid competition and increase sales and profit to ensure continuous running of the business. McDonald offering healthy menu items depicts this type of positioning.

Read more about Differentiation positioning here brainly.com/question/9241331

6 0
2 years ago
The following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share profits and losses in the r
Natali5045456 [20]

Answer:

$67,000

Explanation:

Miller$72,000/60%=$ 120,000 loss to eliminate capital

Tyson$72,000/20%=$ 360,000 loss to eliminate capital

Watson$19,000/20%=$ 95,000 loss to eliminate capital

Watson is the partner most vulnerable to a loss of $95,000 which will inturn eliminate Watson's capital balance

Hence:

$162,000-$95,000

=$67,000

Therefore if the loss on disposal is less than $95,000, all partners will retain positive capital balances and receive some cash in liquidation reason been that other assets which is $162,000, must be sold for any amount over $67,000 for all partners to get cash.

7 0
3 years ago
What is required when opening a checking account?
Tcecarenko [31]

Answer:

2 forms of ID & initial  Deposit

Explanation:

so initial deposit

sometimes you need a paycheck but these days not really

4 0
3 years ago
Read 2 more answers
In this economy, community members typically use simple tools to plant and harvest crops. Food supplies are supplemented by hunt
dsp73

Answer:

Traditional economy.

Explanation:

A traditional economy is one that relies on historical methods, customs, and beliefs to develop. It is generally more common in developing countries because it is an economy based on rural activities such as agriculture, fishing and hunting. Because it is an economy that develops around a tribe or a family, it is customary for production to be for consumption only, so there is no surplus and little money movement.

5 0
3 years ago
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