Answer:
Everyday because the ever-increasing complexity of our securities laws has led to a great deal of confusion among investors over the differences between mutual funds and variable annuity sub-accounts.
Explanation:
That's the answer.
Answer:
very good morning dear...
have a NYC day ahead... :)
Answer:
The balance in ABC's Prepaid insurance-account as on Dec 31, 2018 is <em>$27,000</em>
Explanation:
Liability policy = ($54,000 / 18) × 6 months
Liability policy = $18,000
Crop damage policy = ($18,000 x 12 / 24)
Crop damage policy = $9,000
ABC's Prepaid insurance-account balance as on Dec 31, 2018 = $27,000
Thus,
Total Liability insurance period = 18
Now,
Expired period period - 12 months ( Jan 1, 2016 to Dec 31, 2016 )
Unexpired period = (18 - 12) months = 6 months
Answer:
Bond price= $1,793.62
Explanation:
Giving the following information:
Face value= $2,000
Number of periods= 17
Cupon rate= 0.077
YTM= 0.089
T<u>o calculate the price of the bond, we need to use the following formula:</u>
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 154*{[1 - (1.089^-17)] / 0.089} + [2,000/1.089^17)
Bond Price= 1,324.21 + 469.41
Bond price= $1,793.62
Obtain a customer signed statement acknowledging that an annuity transaction is not recommended if a customer decides to enter into an annuity transaction that is not based on the insurance producer's or insurer's recommendation.
<h3>Who is responsible for verifying your suitability?</h3>
The insurer or third party delegate authorized pursuant to section 224.
6(c) of Regulation 187 conducts a suitability review prior to the issuance of an insurance product or the effectuation of a sales transaction; and.
The insurer has procedures designed to prevent financial exploitation and abuse.
<h3>What factors are important considerations when determining suitability of an annuity sale?</h3>
Suitability Information Gathered by an Insurer
- Age.
- Annual income.
- Financial situation and needs, including the financial resources you're using to fund the annuity.
- Financial experience.
- Financial goals and objectives.
- Intended use of the annuity.
- Financial time horizon.
Learn more about insurance here:
<h3>
brainly.com/question/15171641</h3><h3 /><h3>#SPJ4</h3>
