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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

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Four brokerage firms operate in the same small city as Jackson’s firm. All the firms charge approximately the same listing commi
miskamm [114]

Answer:

<em>Yes, this is antitrust violation. Because, the tend to restrain trade in that small city thereby denying other small player brokerage firms from making a living due to their monopolistic actions among themselves.</em>

Explanation:

Antitrust laws are designed in-order to prohibit a number of business practices that restrain trade. Examples of illegal practices are price-fixing conspiracies, corporate mergers that are likely to cut back the competitive fervor of certain markets, and predatory acts designed to gain or hold on to monopoly power.

<em>Violations of such laws attract sanctions and punishment from the regulatory body in-charge of protecting such.</em>

8 0
3 years ago
First National Bank charges 13.4 percent compounded monthly on its business loans. First United Bank charges 13.7 percent compou
Wittaler [7]

Answer:

First National Bank-14.25%

First United Bank-14.17%

As a potential borrower, I would go for First United Bank, as it offers a lower rate, which implies a lower interest cost on the loan.

Explanation:

Effective Annual Rate (EAR) is the equivalent annual interest rate where the interest rate for a transaction is quoted to be compounded for a period shorter that a year.

Usually , where the interest  nominal interest rate is quoted to be compounded for  a shorter period than a year, the EAR is usually higher. The EAR is computed as follows using this formula:

EAR =( (1+r/m)^(m) - 1 ) × 100

r-  nominal interest rate per annum, m- number of compounding periods in a year

So we can compute the EAR for the two banks :

First National Bank:

m= 12 compounding periods in a year

Monthly interest rate = r/m = 13.4%/12 = 0.01116

EAR = (1 + 0.01116)^(12) - 1

       = 14.25%

First United Bank:

m = 2 compounding periods in a year

Semi-annual interest rate = 13.7%/2 = 0.0685

EAR = (1+0.0685)^(2) -1

        = 14.17%

As a potential borrower, I would go for First United Bank, as it offers a lower rate, which implies a lower interest cost on the loan.

First National Bank-14.25%

First United Bank-14.17%

8 0
3 years ago
As a general rule concerning job offers, it can be said that __________. select one:
AlladinOne [14]
As a general rule concerning job offers, it can be said that <span>"competitive" job offers tend to leave room to negotiate</span>. When a company decides they want to hire a person, they make a job offer that lays out what they are giving the person in return for their employment. They explain the benefits and their job duties. Because job offers are competitive they leave room for the person being hired to negotiate terms before they both agree on them. 
7 0
3 years ago
Business applications have moved from transaction processing and monitoring to other activities. Which of the following is NOT o
laila [671]

Answer:

data monitoring                    

Explanation:

Data monitoring refers to the business practice where key business data are constantly monitored against quality assurance rules to ensure that it's always of good quality and complies with previously defined design and accuracy requirements.

Monitoring the data helps a company to constructively maintain high, accurate data quality standard. Through periodically reviewing the data as it is processed inside programs, enterprises may eliminate commodity-intensive information pre-processing before transferring. Software quality is tested with software management at the moment of creation, rather than during a step.

8 0
3 years ago
A new company with a balance of zero in their cash account had the following cash transaction in its first month: obtained a ban
stealth61 [152]

Answer:

The balance in the cash account at the end of the month will be $401.000

Explanation:

$0

+$ 344,000 bank loan

+$112,000 stock issued to stakeholders

-$54,000 purchase of inventory

+$25,000 sell

-$26,000 payment of dividends

-------------

$401,000 balance at the end of the month

see attached file for T-account

Download xlsx
7 0
3 years ago
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