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velikii [3]
2 years ago
9

W gave w's age as 50 when w purchased a life policy. at the time of w's death seven years later, the company discovered w's true

age at issue had been 59. what would the normal procedure be under the misstatement of age provision in regard to the payment of the death claim?
Business
2 answers:
snow_lady [41]2 years ago
8 0
<span>Due to W giving his age as 50, when it really was 59 falls under the misstatement of age provision. Due to the person really needing to say he was 59, the premium will be reduced to the amount if it had been purchased at the age of 59. A provision in a life insurance policy refers to how the policy adjusts based on the amount it should have been if not misstated. They correct the age once the person has passed and apply that policy amount. </span>
kvasek [131]2 years ago
3 0

The normal procedure under the misstatement of age provision in regard to the payment of the death claim is that the procedure would be reduced based on the premium in which whatever it would have been if this has been purchased at the age of fifty nine years old.

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Answer:

The answer is: D) slopes upward to the right due to short-run fixed costs of production.

Explanation:

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By linking a Google My Business account with a Google Ads account, you're able to create location extensions. Which information
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If the firm's inventory turnover increases, it means that the firm is taking longer to sell off inventory. This will mean that the company will have to invest more in working capital to maintain these inventory levels. This will lead to a higher probability of them needing additional funds.

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