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
Nuetrik [128]
3 years ago
6

Q has an ordinary straight whole life insurance policy for $100,000. Due to a change in circumstances, Q finds that there is now

a need for more coverage, but the budget is not sufficient for another similar policy. What can Q do to satisfy the need for additional coverage at a low price?
Business
1 answer:
uranmaximum [27]3 years ago
6 0

Answer:

Add a term rider

Explanation:

To satisfy the need for additional coverage at a low price the Q can add a term life insurance rider.

The addition of a term rider will allow Q for the additional coverage to be put into place at an affordable price, without having to acquire another policy.

As term rider is a fixed benefit policy thus, ordinary straight whole life will not allow an increase in face amount.

You might be interested in
A company reported total equity of $145,000 at the beginning of the year. The company reported $210,000 in revenues and $165,000
Allushta [10]

Answer:

e. $ 282,000

Explanation:

To determine the assets of the company at year end, we need to find the equity at year end, this is calculated as follows:

Opening Equity                                                      $ 145,000

Net Income for the year                                        $ 45,000

Revenues     $ 210,000

Expenses     $ 165,000

Equity at end of year                                            $  190,000

The accounting equation is

Assets = Liabilities + Stockholders' Equity

Assets = $ 92,000 + $ 190,000                           $ 282,000

4 0
3 years ago
When both parties are expecting to gain from a transaction, they are conducting a __________ trade.
Oksana_A [137]
When both parties are expecting to gain from a transaction, they are conducting a Voluntary trade. In a Voluntary trade, both the sell and buyers involved in the transaction based on their own free will and expecting to gain a profit from the trade
6 0
3 years ago
Read 2 more answers
1. Eric is a draftsman who designs house plans for a large construction company. The pathway in the architecture and constructio
Otrada [13]

Answer: A. Design/ pre construction.

Explanation:

Architecture is the profession in charge of the design, projection, and construction of structures, such as houses or buildings, focusing on aesthetics and harmony of constructions. This career is very similar to civil engineering but differs in the fact that architecture focuses on design and engineering on construction.

In this case, Erick works on design or preconstruction, that is, drawing the plans of the houses that the structure for which he works is going to build. This is the first step in the construction process.

<em>I hope this information can help you.</em>

8 0
3 years ago
Sean bought a rare stamp for $15.he was told that it would increase in value by $11 each year.what will the stamps value be afte
Lynna [10]
The answer is 59$. it's mental math dude just multiply 11 by 4 and then add it to 15
8 0
4 years ago
Ben hired Lewis to drive his car in a race. Tuan, a friend of Lewis, promised to pay Lewis $3,000 if he won the race. Lewis won
qaws [65]

Answer:

Consideration contract.

Explanation:

Consideration is basically the fact that Lewis never offered something in consideration to Tuan for his offer to pay the $3,000, this means that both parties need to have a benefit from the agreement and both should have a detriment, if only one party has a benefit that is considered a gift, and the law can´t force someone to gift something. This is why Tuan claim is correct and he isn´t forced to pay the $3,000 to Lewis.

8 0
3 years ago
Other questions:
  • Playwrights that have been quoted as serving as the initial director of their work are
    10·1 answer
  • Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $198,000 of raw materials on credit
    11·1 answer
  • After Hurricane Katrina there was considerable public outrage that many of the properties were not insured against flooding alth
    7·1 answer
  • A lump sum of $5,000 is invested at 10% per year for five years. The company's cost of capital is 8%. Which is true? The investm
    10·1 answer
  • If marginal cost is greater than average total cost, then
    7·1 answer
  • Grace is the editor of her school newspaper. Which feature of a word processing program would she use to make her changes visibl
    7·2 answers
  • On September 30, 2021, Bricker Enterprises purchased a machine for $200,000. The estimated service life is 10 years with a $20,0
    9·1 answer
  • A production system in which there is little or no delay time and idle-in process and finished goods inventory is called a______
    14·2 answers
  • What are the three elements of business equipment and resource?​
    6·1 answer
  • although almost everyone advocates a balanced budget, every spending program and tax break is defended by organized beneficiarie
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!