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
If in response to an increase in government spending of $25 billion, equilibrium output rises by a total of $125 billion, then t
lbvjy [14]
<span>1/1-MPC = 10,MPC=9/10</span>
4 0
3 years ago
Suppose that consumption is $500 and that the marginal propensity to consume is 0.6. If disposable income increases by $1,000, c
Lynna [10]

Answer:

A. $600

Explanation:

The formula and the computation of the Marginal propensity to consume are shown below:

Marginal propensity to consume =  Change in consumer spending ÷ Change in disposal income

0.6 = Change in consumer spending ÷ $1,000

So, the change in consumer spending is

= $1,000 × 0.6

= $600

Hence, the consumption that is given in the question is not considered. Therefore, ignored it

8 0
3 years ago
A factory costs $400,000. It will produce an inflow after operating costs of $100 000 in year 1. $ 200,000 in year 2, and $ 300,
Delvig [45]

Answer:

NPV = $62,258.56

Explanation:

initial outlay year 0 = $400,000

cash inflow year 1 = $100,000

cash inflow year 2 = $200,000

cash inflow year 3 = $300,000

discount rate = 12%

using a financial calculator, NPV = $62,258.56

if you do it by hand:

NPV = -$400,000 + $100,000/1.12 + $200,000/1.12² + $300,000/1.12³ = -$400,000 + $89,285.71 + $159,438.78 + $213,534.07 = $62,258.56

3 0
3 years ago
If a firm decides to increase the depth of its offerings to address consumer preferences, what will it do
Shtirlitz [24]

Answer: consumers find it unfair for firms to increase prices after an increase in demand".

Explanation: Economists established 2 explanations of why companies do not increase their prices even if they can make higher profits.

First it was discovered that some products have the characteristic that the amount of product that a customer wants to buy can depend on the amount of the product that other people are consuming.

And then it was discovered that most people are satisfied that companies raise prices because of an increase in costs, but consider it unfair to raise prices as a result of increased demand.

Explanation:

7 0
2 years ago
Primara Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours
marysya [2.9K]

Answer:

See below

Explanation:

1. Predetermined overhead rate

= Total fixed overhead cost for the year / Budgeted standard direct labor hour

Predetermined overhead rate = $530,400 / 68,000

Predetermined overhead rate

= $7.8 per direct labor hour

2. i. Fixed overhead budget variance

= Actual fixed overhead - Budgeted fixed overhead

= $521,000 - $530,400

= $9,400 favourable

ii Fixed overhead volume variance

= Budgeter fixed overhead - Fixed overhead applied to work in process

= $530,400 - (66,000 × $7.8)

= $530,000 - $514,800

= $15,200 unfavorable

3 0
2 years ago
Other questions:
  • The system that compares trades of nasdaq issues and reports the trades to the network c tape is called:
    8·1 answer
  • At one time, AT&amp;T and T-Mobile wanted to merge but were prevented from doing so by the Justice Department. The government ma
    8·1 answer
  • Eugene Torres works in a shared role for Multi Glass Computers. He works in both the programming and the research departments fo
    6·1 answer
  • Describe the conventional view of the relationship between the supply of a mineral resource and its market price. What are five
    10·1 answer
  • In 1914, the United States prohibited the importation of Mexican avocados even though Mexico is the world’s largest producer of
    9·1 answer
  • Motorcycle Manufacturers, Inc. projected sales of 58,900 machines for the year. The estimated January 1 inventory is 6,090 units
    15·1 answer
  • According to modern growth theory, the key to economic growth is Group of answer choices a large pool of unskilled labor. skille
    14·1 answer
  • The manager of an air conditioning manufacturing plant wants to train their service installers on the steps to follow to install
    7·1 answer
  • A supervisor rewards a restaurant employee for cleaning the bathrooms by allowing the employee to stock the salad bar. ______ wo
    15·1 answer
  • Why Are Dogs Color Blind????????
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!