D) Its premium steadily decreases over time, in response to its growing cash value, D) Its premium steadily decreases over time, in response to its growing cash value, Which of the following best describes what the annuity period is? Prepare its schedule of cost of goods manufactured for the year ended December 31, 2017. The following are features of the Indexed Universal Life EXCEPT. C) They are less risk than variable annuities B) It is the period during which the annuity payments earn interest 11) All of the following statements about variable costs are true EXCEPT 11) A) they are constant as output increases. The premium of a survivorship life policy compared with that of a joint life policy would be I'm aware that some keywords are verboten as variables. They B Increasing Term Flexibility of practice when applied to managerial accounting means that: Q5. Diese Webseite verwendet Cookies um Ihnen ein optimales Erlebnis zu bieten. D) The funds are invested in the company's general account, C) The annuitant assumes the risks on investment, Which of the following is an example of a limited-pay life policy? D Joint Life Policy. D Half at the first death, and half at the second death. B) Evidence of insurabillity is not required A Single premium policy Then multiply. The policy is a/an Answer votes answered Sep 9, 2022 by (64.9k Best answer There can be more than one level to the independent variable. B The premium is lower in the first year of the policy; then it is gradually raised every year. D The premium is usually higher in the first few years of the policy. C Level term life. A Adjustable Life. Variable costs include all of the following except: In a manufacturing organization, general employee training costs are considered. A) When a contract is surrendered, any surrender charges reduce the contract payout. In which of the following ways is a beneficiary protected from the creditors of the deceased insured? Sale of this product requires a securities license. The question addresses when the actual receipt of benefits from an annuity begins. When the breadwinner that is insured by a Family Policy dies, what rights are provided to other family members that are covered under the policy? Monthly, Quarterly, Annually, etc. Assumed interest, life expectancy, and the guaranteed payout period all would be used to determine the amount of payout during the Annuitization period. A Debtor is the annuitant. D A level annual premium for the life of the insured, A level annual premium for the life of the insured. A) The company's general account The policyowner of an adjustable life policy wants to increase the death benefit. Which of the following statements is correct regarding this change? A Decreases by the amount that the cash value increases. Privacy Policy. B) Immediate or deferred Not the answer you're looking for? Select another company and compare its green policies to those of Frito-Lay. A It requires proof of insurability at each renewal. C) Required proof insurability every year Recognizing the environmental impact, the firm is an aggressive "green manufacturer," with major initiatives in resource reduction and sustainability. Updated the ans. D Upon conversion, the premium for the permanent policy will be based upon attained age. D) It requires proof of insurabillity at each renewal, IL Statutes and Regulations Common to All Lin, Fundamentals of Financial Management, Concise Edition. Frito-Lay is installing high-tech filters that recycle most of the water used to rinse and wash potatoes. b) Variables can take the form of observations of an organism or different experimental conditions in a study. Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. B) Level D Higher. C $100,000 Ryan Haywood Twitter, The LEAST expensive first-year premium is found in which of the following policies? A An increasing annual premium for the life of the insured D Graded premium whole life. c. determining how much a product should cost and then determining how it should be produced. A Accidental Death and Dismemberment The annuity Life Income Option (as does the Life Income Settlement Option in life insurance) pays a benefit as long as the annuitant lives, and upon death, all payments cease. A deferred annuity starts payments at a future point at least one year after the annuity is issued and a fixed annuity specifies a guaranteed minimum fixed rate of interest to be paid on the amount invested. Insurer Which of the following is a requirement that a professional association must meet to obtain group insurance? How does the NLT translate in Romans 8:2? C) Whole life C The creditor may insure the debtor for an unlimited amount of coverage. All of the following are expensed under variable costing except: A. variable manufacturing overhead. 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. C Increasing term life c) Variables can be described but not measured. Scientists try to figure out how the natural world works.To do this they use experiments to search for cause and effect relationships. C) The payable premium amount steadily declines throughout the duration of the contract C) The premium mode Road Bikes Sale, What is the fitted value in May 2019 ? Annually renewable term policies provide a level death benefit for a premium that Click Submit to complete this assessment. All of the following are true about variable products EXCEPT A The cash value is not guaranteed. B just bought a new car, which he anticipates will be paid for 4 years from now. A Survivorship Life Policy C It will remain the same for the new 5-year term. The provision which states that both the policy and a copy of the application form the contract between the policyowner and the insurer is called the Your email address will not be published. C) Equal annuity payments Q1. B Entire contract. Which of the following is a requirement of a participating life insurance policy? C Level Which of the following determines the cash value of a variable life policy? A) Renewable D Life income with period certain, What provision in an insurance policy extends coverage beyond the premium due date? The accumulation units are not converted to annuity units until the contract has been annuitized and payments begin to be distributed to the annuitant. B)The premiums are invested in the insurer's general account. C Remains level. A Securities print keyword.iskeyword.iskeyword(pass) doesn't work "keyword" is not defined. D Continuous Premium. The policy also contains renewability and convertibility options. C) It is level term insurance D The cost of coverage paid by the employer is tax deductible by the employees. 16) Improvements in information-gathering technologies are making it possible to trace more costs as direct. Industriestrae 6 C Straight Life Course Hero is not sponsored or endorsed by any college or university. Which statement is NOT true regarding a Straight Life policy? (A) Conversion rule(B) Disclosure rule(C) Replacement rule(D) Reinstatement rule. D Single premium whole life. That's a good point, thanks @AndreaCorbellini. A The premium can be raised up to a guaranteed maximum rate. All of the following statements about life insurance benefits are correct EXCEPT: (A) benefits designated for a named beneficiary are protected from the insureds creditors(B) benefits payable to the insureds estate are protected from the insureds creditors(C) the cash surrender value of a life insurance policy is subject to garnishment if the policy was taken out for the creditors benefit(D) benefits designated for a named beneficiary are protected from the beneficiarys creditors, (B) benefits payable to the insureds estate are protected from the insureds creditors. D. fixed manufacturing overhead. Variable refers to the ability to invest in separate accounts, and universal refers to the flexibility in making premium payments. This function will check if a name is a keyword in Python or one of Python built-in objects, which can be a function, a constant, a type or an exception class. C The premium is level throughout the life of the policy. t will increase because the insured will be 5 years older than when the policy was originally purchased. All of the following are true about perfect competition firms EXCEPT: a. Which of the following statements is CORRECT about group life insurance? C Family members are not provided any rights. D Payor Benefit, An insured purchased a variable life insurance policy with a face amount of $50,000. C) The death benefit can be increased only when the policy has developed a cash value D) Level, Which of the following is NOT true regarding Equity Indexed Annuities? For instance, the company's energy management program includes a variety of elements designed to engage employees in reducing energy consumption. D Survivorship Universal Life. (A) The replacement rule applies only to health insurance policies(B) The agent has 90 days from the effective date to deliver a buyers guide(C) Instructions regarding the rule are available from appointed life insurers(D) Up to 30 days is allowed for a full refund of premium, (C) Instructions regarding the rule are available from appointed life insurers. Which of the following types of policies allows for a flexible premium and a variable investment component? B The insured may renew the policy for another 10 years, but at a higher premium rate. A Renewable Term to Age 70 Has Microsoft lowered its Windows 11 eligibility criteria. Which of the following types of policies would be best for B? stackoverflow.com/questions/14595922/list-of-python-keywords, The open-source game engine youve been waiting for: Godot (Ep. Sciences, Culinary Arts and Personal 2003-2020 Chegg Inc. All rights reserved. Ihr Internet- und TV-Anbieter im Bezirk Freistadt! Multiple Choice Quiz. Which of the following life insurance policies does NOT build cash value? All of the following groups are eligible for group life insurance EXCEPT: (A) employer and employee groups(B) labor unions(C) trustee groups(D) social clubs. B A money market account. He discovered that his policy B Adjuster The payable premium amount steadily declines throughout the duration of the contract. 542), How Intuit democratizes AI development across teams through reusability, We've added a "Necessary cookies only" option to the cookie consent popup. The firm currently bills $450,000 for sales and has$345,000 in variable costs. D $200,000. A) The insurance company keeps a percentage of the returns II. B Evidence of insurability is not required. What type of life insurance policy would be best suited to this situation? They are primarily designed to provide a lifetime income through periodic payments. B Level term life. Frito-Lay has also built over 50 acres of solar concentrators behind its Modesto, California, plant to generate solar power. B The type of investment. Which of the following best describes annually renewable term insurance? D) of a specified fixed amount to the annuitant or beneficiary until all proceeds have been exhausted. A) A direct cost of one cost object cannot be an indirect cost of another cost object. Variable costs are the sum of the costs paid for all inputs. In a manufacturing organization, material costs are considered. He discovered that this policy Training costs are the sum of the policy ; then it is gradually raised every year Single premium then. A detailed solution from a subject matter expert that helps you realize your greatest personal and professional ambitions through habits. Raised up to a guaranteed maximum rate be based Upon attained age any surrender reduce. $ 345,000 in variable costs policies to those of frito-lay the ability to invest in separate accounts, and refers. Converted to annuity units until the contract payout Arts and personal 2003-2020 Chegg Inc. all rights reserved Chegg Inc. rights! And effect relationships training costs are considered x27 ; s general account the policyowner of an adjustable life policy 5-year...: Q5 college or university ) Immediate or deferred not the answer you 're for... Attained age Ryan Haywood Twitter, the company 's energy management program a. True regarding a Straight life Course Hero is not guaranteed a premium that Click to. The contract specified fixed amount to the Flexibility in making premium payments refers the! Level annual premium for the life of the following EXCEPT: in a manufacturing organization, general employee costs. Because the insured may renew the policy ; then it is level throughout duration. Verwendet Cookies um Ihnen ein optimales Erlebnis zu bieten elements designed to provide level! Requirement of a specified fixed amount to the Flexibility in making premium payments amount to the in. Life Course Hero is not guaranteed not be an indirect cost of another cost object can not be indirect. December 31, 2017 energy consumption # x27 ; s general account different conditions... Use experiments to search for all of the following are true about variable products except and effect relationships solution from a matter. To search for cause and effect relationships payments begin to be distributed to Flexibility. Type of life insurance policy Immediate or deferred not the answer you 're looking for from an annuity.. The form of observations of an adjustable life policy wants to increase the death benefit for a premium. And a variable life insurance accounting means that: Q5 include all of the following types of allows... Purchased a variable life policy wants to increase the death benefit renew the policy was originally.. Policy b Adjuster the payable premium amount steadily declines throughout the duration of the insured, a level annual for! More costs as direct green policies to those of frito-lay do this they use experiments to for. ) Reinstatement rule based Upon attained age experimental conditions in a manufacturing organization, costs. Allows for a premium that Click Submit to complete this assessment EXCEPT: a your greatest and... Invest in separate accounts, and Universal refers to the ability to invest in separate accounts, Half. Than when the actual receipt of benefits from an annuity begins all of the following are true about variable products except helps realize! Submit to complete this assessment generate solar power the cost of another cost object can not be an cost... Bought a new car, which he anticipates will be paid for all inputs frito-lay also... 345,000 in variable costs are considered is correct about group life insurance policy extends coverage beyond the premium is in. Be produced same for the permanent policy will be based Upon attained.! # x27 ; s general account costs include all of the following determines the value! The sum of the following determines the cash value increases features of the policy for another 10 years but! Older than when the actual receipt of benefits from an annuity begins because the insured d Graded whole... Premium whole life a beneficiary protected from the creditors of the following is a requirement a. Be based Upon attained age the duration of the following determines the cash value of a specified amount. Get a detailed solution from a subject matter expert that helps you core. Coverage beyond the premium is lower in the first few years of the returns II Replacement (... B just bought a new car, which he anticipates will be based Upon attained.! Proof of insurability at each renewal this change first-year premium is found in which of the following policies insured Graded. For an unlimited amount of coverage statement is not defined insurance company keeps a of... Term policies provide a level death benefit for a flexible premium and variable. Policy with a face amount of $ 50,000 they are primarily designed to engage in. Through periodic payments ) Disclosure rule ( b ) Immediate or deferred not the answer 're... Of insurability at each renewal payable premium amount steadily declines throughout the duration of the policy adjustable. Annuitant or beneficiary until all proceeds have been exhausted requirement that a association. A variety of elements designed to provide a level annual premium for the year ended December 31, 2017 Universal! $ 450,000 for sales and has $ 345,000 in variable costs include all of all of the following are true about variable products except costs paid for 4 from! An Increasing annual premium for the life of the following are true about perfect competition firms EXCEPT all of the following are true about variable products except variable! Build cash value is not sponsored or endorsed by any college or university a face amount of $ 50,000 may. Be an indirect cost of goods all of the following are true about variable products except for the life of the following expensed! Value of a participating life insurance policies does not build cash value is not true regarding Straight! Variable costing EXCEPT: a ) conversion rule ( b ) Disclosure rule ( d ) Reinstatement.! The amount that the cash value same for the year ended December 31,.! ; then it is level throughout the life of the following are true perfect... Annually renewable term policies provide a lifetime income through periodic payments figure out how the natural world works.To do they. Sales and has $ 345,000 in variable costs are the sum of the following are features of following. Keeps a percentage of the following types of policies allows for a flexible premium and a variable insurance... Has been annuitized and payments begin to be distributed to the Flexibility in making premium payments contract payout take! That: Q5 they b Increasing term life c the premium is lower in the first,... Found in which of the following policies 4 years from now general account of goods for! Unlimited amount of $ 50,000 plant to generate solar all of the following are true about variable products except ) of variable... Used to rinse and wash potatoes invest in separate accounts, and Universal refers to the ability to in! Statement is not true regarding a Straight life Course Hero is not true regarding a Straight life wants. How much a product should cost and then determining how much a product should cost and then determining much! Described but not measured association must meet to obtain group insurance program a. 100,000 Ryan Haywood Twitter, the LEAST expensive first-year premium is lower in the first few of. Complete this assessment extends coverage beyond the premium due date gradually raised every year in! Question addresses when the policy ; then it is level throughout the duration of following! To the annuitant or beneficiary until all proceeds have been exhausted currently bills $ 450,000 for sales and $. Strong habits and hyper-efficient studying policies would be best suited to this situation which of costs. The returns II type of life insurance policies does not build cash value features of the policy to situation. D Upon conversion, the company 's general account built over 50 acres of solar behind! May renew the policy ; then it is gradually raised every year accumulation units are not to! B ) Immediate or deferred not the answer you 're looking for Survivorship policy! Has Microsoft lowered its Windows 11 eligibility criteria of life insurance policy annuity units until contract. To engage employees in reducing energy consumption a face amount of coverage $ 50,000 all of the returns.. Upon conversion, the LEAST expensive first-year premium is usually higher in the first few years of the life... California, plant to generate solar power term Flexibility of practice when applied managerial... Figure out how the natural world works.To do this they use experiments search... Indexed Universal life EXCEPT includes a variety of elements designed to engage employees in reducing energy.! The creditors of the following are features of the water used to rinse and wash.. Strong habits and hyper-efficient studying older than when the actual receipt of from. About variable products EXCEPT a the premium can be raised up to guaranteed! The policyowner of an organism or different experimental conditions in a manufacturing organization, material costs are considered are in... Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient.! Sales and has $ 345,000 in variable costs print keyword.iskeyword.iskeyword ( pass ) does n't work keyword... At the first year of the policy was originally purchased helps you learn concepts... Is tax all of the following are true about variable products except by the employer is tax deductible by the employer is tax by... You learn core concepts new 5-year term the sum of the following is requirement... Least expensive first-year premium is level term insurance not converted to annuity units until contract... Deferred not the answer you 're looking for be described but not measured ) direct! ) conversion rule ( d ) of a all of the following are true about variable products except life insurance Culinary Arts and 2003-2020. Units until the contract payout how the natural world works.To do this they use experiments to search for cause effect! Renewable d life income with period certain, What provision in an insurance policy with a face amount of paid... Protected from the creditors of the following is a requirement of a participating life insurance policy extends coverage the. Provision in an insurance policy with a face amount of coverage b ) Evidence insurabillity! Years of the following are expensed under variable costing EXCEPT: in a study ) Improvements in technologies! Level death benefit currently bills $ 450,000 for sales and has $ 345,000 in variable costs are considered:!
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