More fuel-efficient ovens recapture heat from exhaust stacks. D When the insured reaches age 100. All of the following are true regarding a decreasing term policy EXCEPT C Fluctuates. A Decreasing term life Sorrento Therapeutics Pipeline, c) Variables can be described but not measured. Why does the impeller of a torque converter sit behind the turbine? C Universal Life - Option A B) SEC A Graded premium The agent told him that depending upon the company's investments and expense factors, the cash values could change from those shown in the policy at issue time. D They can surrender the coverage for its cash value. B Interest-sensitive Whole Life. All of the following are true about variable products EXCEPT A The cash value is not guaranteed. A) Increasing What type of insurance would be used for a Return of Premium rider? The following information is available for the year ended December 31: Beginning Raw Materials + Purchases Ending Raw Materials = Raw Materials Used All of the following statements about the conversion of a term policy are true EXCEPT. Write these problems in vertical form. All of the following are true about variable products except? Proper way to declare custom exceptions in modern Python? A At the insured's age 65 A) When a contract is surrendered, any surrender charges reduce the contract payout. A variable life policy cannot be proposed in a sales scenario unless a prospectus precedes or accompanies the proposal, because it is considered a security. To sell variable life insurance policies, an agent must receive all of the following EXCEPT Juvenile Life is classified as any life insurance purchased by a minor. (Note: Assume a 365-day year.). Experiments are usually designed to find out what effect one variable has on another - in our example, the effect of salt addition on plant growth.. You manipulate the independent variable (the one you think might be the cause) and then measure the dependent variable (the one you think might be the effect) to find out what this . D Single premium whole life. D Joint Life Policy. Industriestrae 6 Which of the following laws defined a security product? View desktop site. (A) It must have been in existence for at least 2 years(B) It must have at least 200 members that participate(C) It must be formed for the sole purpose of purchasing insurance(D) Its members must contribute premiums on a strictly voluntary basis, (A) It must have been in existence for at least 2 years. Q1. (A) Pays dividends to stockholders(B) Assesses premiums against stockholders(C) Pays dividends to policyowners(D) May be converted to a term life policy. B Single Premium Whole Life A To limit the insurer's liability after the 2 year waiting period A) If the insured survives to age 100 17) Misallocated indirect costs may lead to NOT promoting profitability. C Variable Universal Life C Modified Life A Return of Premium term life policy is written as what type of term coverage? A man decided to purchase a $100,000 Annually Renewable Term Life policy to provide additional protection until his children finished college. A Allows any income the children make to be included in coverage. D $200,000. A It requires proof of insurability at each renewal. A Indexed Universal Life must be spelled exactly as written here: So, you cannot use any of the above identifiers as a variable name. A Decreasing term D) It has a fixed rate of return, B) It has a guaranteed minimum interest rate, Which of the following is TRUE regarding the annuity period? A) Level Term Life 18) The materiality of the cost is a factor in classifying the cost as a direct or indirect cost. B To deter the policyowner from committing suicide Updated the ans. D) An increasing annual premium for the life of the insured, C) A level premium for the life of the insured, Which of the following is NOT true regarding Equity Indexed Annuities? D) Half at the first death, and half at the second death, Which of the following determines the cash value of a variable life policy? A A securities license. The payable premium amount steadily declines throughout the duration of the contract. B The Guaranty Association. D) Seek higher returns, An individual has just borrowed $10,000 from his bank of a 5-year installment loan requiring monthly payments. B Based on the issue age of the insured. Has Microsoft lowered its Windows 11 eligibility criteria. B Variable life D) The death benefit is $0 at the end of the policy term, C) The payable premium amount steadily declines throughout the duration of the contract, Equity indexed annuities B The insured may renew the policy for another 10 years, but at a higher premium rate. B Universal Life Policy Why is it a syntax error to have an object attribute named "del", "return" etc? A) The Guaranty Association What information does Form W-3 contain? D Family Policy, If a life insurance policy increases significantly in face amount (death benefit) when the insured reaches a specified age, what type of policy is this? B) Level fixed premium Cause and effect relationships explain why things happen and allow you to reliably predict the outcomes of . A density curve describes the probability distribution of a . B Guaranteed Universal Life D The borrower's monthly income. D Be level thereafter. B Neither the premium nor the death benefit is affected by the insured's age. Question : 11) All of the following true EXCEPT that indirect costs: : 1869182. In a manufacturing organization, material costs are considered. A Increasing A Life annuity with period certain B The face amount steadily declines throughout the duration of the contract. What's the canonical way to check for type in Python? An insurance policy that only requires a payment of premium at its inception, provides insurance protection for the life of the insured, and matures at the insured's age 100 is called B Upon the last death A biomass boiler, which will burn agricultural waste, is also planned to provide additional renewable fuel. Direct labor, factory repairs and maintenance, wages payable. All other factors being equal, what would the premium be like in a survivor ship life policy as compared to the premium in a joint life policy? Upon conversion, the death benefit of the permanent policy will be reduced by 50%. C) The payable premium amount steadily declines throughout the duration of the contract C Insurer C) They earn lower interest rates than fixed annuities Owner C) Equal annuity payments Experts are tested by Chegg as specialists in their subject area. D) The period of time during which accumulated money is converted into income payments, D) The period of time during which accumulated money is converted into income payments, Which of the following is TRUE for both equity indexed annuities and fixed annuities? B Renewable A Survivorship life He discovered that this policy D Higher. The process consumes enormous amounts of energy and creates vast amounts of wastewater, starch, and potato peelings. D) They are both tied to an equity index, C) They have a guaranteed minimum interest rate, The equity in an equity index annuity is linked to Answer A is correct. B) They invest on a conservative basis C) Renewable While you can't use Python keywords as variable names, you are allowed to do it with Python built-ins though it's considered a bad practice so I will recommend to avoid it. B Jumping juvenile policy A The amount of insurance. D Allows the spouse extra coverage for every child covered. Which of the following are the three major goals of insurance rate regulation? When the insured dies, the insurer pays the remaining balance on his home loan. A The company's general account All of the above are correct. A) A decreasing annual premium for the life of the insured C) Required proof insurability every year Are you having trouble answering the question All of the following are true about variable products EXCEPT? D Level fixed. Yamaha Riva 180 Petcock, A Renewable Term to Age 70 What kind of policy issues certificates of insurance to insureds? C The payable premium amount steadily declines throughout the duration of the contract. Over the life of the policy, stock performance declined and the cash value fell to $10,000. 11) All of the following statements about variable costs are true EXCEPT 11) A) they are constant as output increases. How Much Sugar Is In A Mountain Dew 600ml, Click the card to flip Definition 1 / 95 The premiums are invested in the insurer's general account. Which of the following applies to retirement plans in Florida? II. Wir sind Ihr Anbieter fr Internet, Digitales Fernsehen und VoIP-Festnetztelefonie mit jahrelanger Erfahrung. B Whole life C Group insurance D) they are equal to total costs in the long run. C The investment account A Determined by the health of the insured. Has China expressed the desire to claim Outer Manchuria recently? C Whole life C Surplus Lines The accumulation units are not converted to annuity units until the contract has been annuitized and payments begin to be distributed to the annuitant. for the next century, blues would become the underground __________ that would feed all streams of popular music, including jazz. C The premiums are invested in the insurer's general account. Comprar Preterite Conjugation, The probability of each value of a discrete random variable is between 0 and 1, and the sum of all the probabilities is equal to 1. DThe death benefit can be increased only when the policy has d eveloped a cash value. b. a new system of accounting for capital depreciation. B Required a premium increase each renewal. A) The insurance company keeps a percentage of the returns B) they are equal to the product of average variable cost and the output level. B Return to the initial premium amount. A) Increasing or Decreasing D Decreasing Term, If an agent wishes to sell variable life policies, what license must the agent obtain? A The death benefit can be increased only by exchanging the existing policy for a new one. Mace Coronel Danger Force, B Grace period B Single life C Flexible premium. A dose friend is starting a new landscaping business around an inland lake used by summer vacationers. D Increases annually. All of the following are true regarding variable costs except which one? Launching the CI/CD and R Collectives and community editing features for Is the list of Python reserved words and builtins available in a library? B) The contract can be issued without an annuitant C Straight Life B) It is the period during which the annuity payments earn interest D The insured may only convert the policy to another term policy. B It will increase because the insured will be 5 years older than when the policy was originally purchased. A Adjuster Which of the following is an example of a limited-pay life policy? C In 20 years All of the following are TRUE regarding the convertibility option under a term life insurance policy EXCEPT C Accumulation of cash value C) Most term policies contain a convertibility option D The death benefit is $0 at the end of the policy term. Variable refers to the ability to invest in separate accounts, and universal refers to the flexibility in making premium payments. B A life insurance license. The annuity premium is invested in securities. Nicknames For Aylin, C It insures the life of a debtor. Required fields are marked *, All of the following are true about variable products EXCEPT. This is a type of flexible premium annuity which allows level premiums to be paid into the annuity in regular installments for the purpose of accumulating funds to be used at retirement. B Any insurance A Cost of Living Rider Should I avoid using "str" as a variable name in Python? C The death benefit cannot be increased. C Discounted. In Maths, a variable is an alphabet or time period that represents an unknown number or unknown value, or unknown quantity. The type of policy that can be changed from one that does not accumulate cash value to the one that does is a, All other factors being equal, the least expensive first year premium payment is found in, Under a 20 pay whole life policy, in order for the policy to pay the death benefit to a beneficiary, the premiums must be paid, A) For 20 years or until death, whichever occurs first, To sell variable life insurance policies, an agent must receive all of the following except. Which of the following is TRUE regarding an indeterminate premium whole life policy? B $40,000 You should now have gotten the answer to your question All of the following are true about variable products EXCEPT, which was part of Insurance MCQs & Answers. Insurance companies commonly sell variable B Flexible D) Business Corporations may use annuities to provide pensions for employees, either nonqualified or qualified plans, or to structure payments of liability settlements. A) The company's general account B Sale of this product requires a securities license. All of the following are expensed under variable costing except: A. variable manufacturing overhead. Answer: D LO: 1 Type: RC. B Variable universal life has a fixed premium. D $60,000, Which Universal Life option has a gradually increasing cash value and a level death benefit? Kindly login to access the content at no cost. D Level Term Policy, Which of the following policies would have an IRS required corridor or gap between the cash value and the death benefit? D. fixed manufacturing overhead. Which of the following statements is correct regarding this change? Its marginal revenue is $8, its marginal cost is $7 and rising, its average total cost is $10, and its average variable cost is $9. Frito-Lay, the multi-billion-dollar snack food giant, requires vast amounts of water, electricity, natural gas, and fuel to produce its 41 well-known brands. Variable costs include all of the following except: In a manufacturing organization, general employee training costs are considered. D) The death benefit can be increased only by exchanging the existing policy for a new one, A) The death benefit can be increased by providing evidence of insurabillity, Which statement is NOT true regarding a Straight Life policy? C) Decreasing premium A The borrower's annual income. How does the NLT translate in Romans 8:2? D Securities. - bruno desthuilliers Sep 25, 2015 at 10:07 Add a comment 3 Answers Sorted by: 11 C. variable manufacturing overhead. ScholarOn, 10685-B Hazelhurst Dr. # 25977, Houston, TX 77043,USA. Explain your reasoning. 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