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
gizmo_the_mogwai [7]
3 years ago
14

A mature client wants to liquidate his assets and start enjoying what he has earned. He comments that he just wants to pay regul

ar premium and leave the worry to the insurance company. Based on his comments, which product would best suit his expectations
Business
1 answer:
rusak2 [61]3 years ago
6 0

Based on comments that the client wants to pay a regular premium and leave the worry to the insurance company, the whole life insurance policy would best suit his expectations.

A whole life insurance policy is one of life insurance that allows life coverage until the death of the life of the client assured or pays the premium, it has the following traits:

  • Assures or insured throughout the life as long as the life assured
  • Regular payments or premiums are required throughout the life
  • The guaranteed rate of return and requires a level premium.

Other products such as variable, term, and universal would not meet his expectations as:

Variable - expect to make separate account decisions

Universal - expect to direct premiums.

Term - not ideal for mature clients as it is not cost-effective coverage.

Thus, the correct answer would be - the whole life insurance.

Learn more about whole and term life insurance:

brainly.com/question/13919506

You might be interested in
A seller tells a real estate professional "don’t show my house to anybody not born in the United States." In this circumstance,
Lady_Fox [76]

Answer: b. must decline to take the listing with this requirement

Explanation: A real estate professional must not take any listing with discriminatory requirement based on race such as the requirement made by the seller in the scenario above. This in accordance with the Fair Housing Act which prohibits acts of discrimination in housing based on color, religion, race, sex or nationality. A listing stating that an apartment or property shouldn't be offered to individuals who aren't nationals of the United States has discriminated on the basis of nationality which is illegal.

3 0
3 years ago
Levelor Company's flexible budget shows $10,710 of overhead at 75% of capacity, which was the operating level achieved during Ma
Salsk061 [2.6K]

Answer:

The correct answer is $473 (Unfavorable).

Explanation:

According to the scenario, the given data are as follows:

Actual overhead = $11,183

Budgeted Overhead = $10,710

So, we can calculate the controllable variance by using following formula:

Controllable variance  = Actual overhead - Budgeted overhead

By putting the value, we get

Controllable variance  = $11,183 - $10,710

= $473 ( Positive shows unfavorable)

= $473 (unfavorable)

3 0
3 years ago
Suppose three companies, Optimax, Megachug, and Thirstoid, dominate the sports drink market. Optimax enjoys the largest market s
mario62 [17]

Answer:

Non-price competition

Explanation:

Non-price competition is when producers use other factors other than the price of their good or service to raise the demand for their product.

Optimax is trying to increase its market share by changing the container for its product. This is non price competition.

Price war is when producers lower the price of their goods in an attempt to increase the demand for their product.

Price leadership is when the dominant firm in an industry sets the market price.

I hope my answer helps you

4 0
3 years ago
Alan tells Sherry that he will pay her $5,000 if she runs the Boston Marathon. Once Sherry starts running the marathon, Alan, le
iragen [17]

Answer:

can revoke the contract as informal verbal agreements are not binding

Explanation:

Since in the question it is mentioned that sherry would pay her $5,000 in the case when she runs marathon now once she starts running so here alan can revoke the contract legally as there is only verbal agreements not the written agreement also they are not binding to each other

So as per the given situation, the above statement should be considered

8 0
2 years ago
A company that packages and distributes fruit for on-the-go lunches has established a differentiation. they are packaged in such
SSSSS [86.1K]

The correct answer is forward integration. Forward integration is being defined as a business strategy by which it is associated with the vertical integration of where business activities are being expanded by means of including the control of the direct distribution or the supply of the products of the company.

6 0
3 years ago
Other questions:
  • If an investment of $45,000 is earning an interest rate of 8.50% compounded annually, it will take for this investment to grow t
    8·1 answer
  • 1. an activity which seeks to earn a profit by providing a good or service is known as a(n): a. industry. b. corporation. c. bus
    5·1 answer
  • 4. Identify and discuss the product branding of the product. Describe the brand and symbol or logo it uses. Provide an image of
    9·1 answer
  • Wilton, Inc. had net sales in 2017 of $1,400,000. At December 31, 2017, before adjusting entries, the balances in selected accou
    12·1 answer
  • Every Bill which shall have passed the House of Representatives and the Senate, shall, before it become a Law, be presented to t
    8·1 answer
  • If the seller fails to provide the property disclosure statement to the buyer before the buyer signs the purchase contract,
    7·1 answer
  • What do you think are three benefits for businesses using IT?
    6·1 answer
  • Heidee Corp. and Leaudy Corp. have identical assets, sales, interest rates paid on their debt, tax rates, and EBIT. However, Hei
    12·1 answer
  • Soul is a music genre that evolved from the songs made out of loneliness by​
    10·1 answer
  • The modern economy has produced jobs that no longer rely on brute strength, but on social intelligence, open communication, and
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!