All categories

3 years ago

Which type of life insurance policy combines term insurance and investment elements?

Business

2 answers:

zysi [14]3 years ago

7 0

Answer:

The correct answer is C: Universal Life

Explanation:

Universal life insurance is a type of cash value permanent life insurance with an investment savings elements. Most of them contains a flexible premium option. However, under the terms of the policy, the excess of premium payments above the regular cost of insurance is credited to the cash value of the policy every month plus an interest. Therefore that this type of life insurance combines both term insurance and invesment elements.

Ne4ueva [31]3 years ago

6 0

To answer the question above as to which type of life insurance policy combines term insurance and investment elements is letter C, Universal Life. Universal Life or in other term Permanent life Insurance is a type of insurance to which is flexible low-cost protection and term life insurance as well as the saving elements like the whole life insurance.

You might be interested in

Which of the following statements is true?

SIZIF [17.4K]

Ummmmm I will go with answer A cause at my house its always like that.

6 0

3 years ago

Intelligent agents are also known as _____.

9966 [12]

Intelligent agents are also known as Robots (or bots)

An intelligent software agent embodied mechanisms that are similar with humann
The only difference is all of their decision could be controlled by a single device that planted within their main microchips.

4 0

3 years ago

Third generation currency crisis model definition

mel-nik [20]

It is u the definition is u its just u

5 0

3 years ago

Sheridan Company has several outdated computers that cost a total of $18200 and could be sold as scrap for $6200. They could be

sveticcg [70]

Answer:

$18200

Explanation:

Sunk cost is cost that has already been incurred and cannot be recovered. It should not be considered when making future decisions.

The computers costs $18200. This amount has already been incurred and it cannot be recovered.

8 0

2 years ago

Riverbed Corp bought equipment on January 1, 2022. The equipment cost $460000 and had an expected salvage value of $65000. The l

balandron [24]

Answer:

Book value= $302,000

Explanation:

Giving the following information:

Purchase price= $460,000

Salvage value= $65,000

Useful life= 5 years

First, we need to calculate the annual depreciation.

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (460,000 - 65,000) / 5

Annual depreciation= $79,000

Now, the accumulated depreciation after 2 full years:

Accumulated depreciation= 79,000*2= $158,000

Finally, the book value:

Book value= purchase price - accumulated depreciation

Book value= 460,000 - 158,000

Book value= $302,000

7 0

2 years ago