Which of the following best describes term life insurance?a. The insured can borrow or collect the cash value of the policy.
b. The insured pays a premium for a specified number of years.
c. The insured pays the premium until his or her death.
d. The insured is covered during his or her entire lifetime

Answers

Answer 1

Answer: The right answer for the question that is being asked and shown above is that: "b. The insured pays a premium for a specified number of years." the statement that best describes term life insurance is that b. The insured pays a premium for a specified number of years.

Answer 2

Answer:

The following best describes term life insurance: The insured pays a premium for a specified number of years. Therefore, the correct option is B.

A life insurance policy is a contract between an individual and an insurance company. The person (policyholder) agrees to pay a premium to the insurer on a regular basis. In exchange for the premium, the insurer gives the guarantees to pay a sum of money to the policyholder's designated beneficiary.

The primary purpose of life insurance is to provide financial security to the policyholder's loved ones following the policyholder's death.

Thus, the ideal selection is option B.

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Related Questions

There are two distinct proposals, a and b, being debated in washington. the congress likes proposal a, and the president likes proposalb. the proposals are not mutually exclusive; either or both or neither may become law. thus there are four possible outcomes, and the rankings of the two sides are as follows (where as always a larger number means they prefer it)
Which of these people is likely to run into problems when using a credit card? A. Sheila, who often indulges in impulse buying . B. Kaitlin, who doesn't have a good credit history C. Max, who wants to buy important things even when he doesn't have cash
For the insured, insurance is fundamentally a form of:a. tax b. premium c. profit d. security
Indicate how each of the following developments would affect the supply of money, the demand for money, and the interest rate. development effect on... supply of money demand for money interest rate the fed’s bond traders buy bonds in open-market operations. an increase in credit-card availability reduces the cash people hold. the federal reserve reduces banks’ reserve requirements. households decide to hold more money to use for holiday shopping. a wave of optimism boosts business investment and expands aggregate demand.
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Most financial advisors say you'll need about 70 percent of your pre-retirement earnings to comfortably maintain your pre-retirement standard of living. true or false

Answers

Answer:

False

Explanation:Most financial advisors say you'll need about 30% of your pre-retirement earnings, to comfortably maintain your pre-retirement standard of living.

This is a projection of what should be a regular saving for your retirement.

Answer:

False

Explanation:

The importance of financial managers to firms with large cash inflows is greater than for firms with smaller cash flows. a. True
b. False

Answers

That statement is False

The firms with small cash flow need a good financial mangers just as bad as the one with greater Cash Flow. Finance is a core elements of business, which mean that no matter what type of business you run, you'll always need someone to handle your finance.

What does market value of a good or service mean?A.)loss incurred on a good or service
B.)profit incurred on a good or service
C.)cost of producing a good or service
D.)current price of a good or service

Answers

In this case D would be the correct answer. In our free market economy, or capitalism, the price is set dynamically by the supply and demand curve for a product. If more people want to buy a product, the higher the price can be. On the other hand if a product costs to much, people won't want to buy it and the company could end up making too much of it.

The market value of a good or service is the current price at which it can be bought or sold in the market. In your multiple choice question, the correct answer is D.) current price of a good or service.

The market value of a good or service refers to the current price at which it can be bought or sold in the marketplace. This is influenced by various factors including supply and demand, production costs, and competition among others. It's the price that consumers are willing to pay for a good or service at a given time.

So, in your multiple-choice question, the correct answer would be D.) current price of a good or service. This is because the other options i.e. loss incurred on a good or service (Option A), profit incurred on a good or service (Option B), and cost of producing a good or service (Option C) do not exactly define what market value is.

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Who proposed the first bank of the United States?

Answers

Alexander Hamilton proposed the Bank of the United States in 1791

Gullett Corporation had $30,000 of raw materials on hand on November 1. During the month, the Corporation purchased an additional $79,000 of raw materials. The journal entry to record the purchase of raw materials would include a: Multiple Choice debit to Raw Materials of $109,000 credit to Raw Materials of $79,000 debit to Raw Materials of $79,000 credit to Raw Materials of $109,000

Answers

Answer:

The journal entry to record the purchase raw material would include a debit to raw material of $79000 and credit to Raw materials of $109000..

Explanation:

Since the raw material is coming into the company, we have debit raw material and the opening balance is already there in the books of the business. hence raw materials increases.

Trust and transparency are critical to successful and culturally competent research. In the research setting, establishing trust in diverse communities does NOT require: 1. Involving community members in decision-making and protocol design
2. Limiting public transparency and accountability
3. Promoting feelings of ownership within the community
4. Assuring appropriate ethics oversight

Answers

Answer:

The correct answer is number (2): Limiting public transparency and accountability.

Explanation:

Researchers must provide trust and transparency during their study so the result of the research will reflect reliable information. Accountability, as well, should be present at all moments during the study moreover at the moment of collecting information from the target population and while gathering all the data to avoid manipulation that could affect the outcome of the research.

Final answer:

Establishing trust in diverse communities in research does not require limiting transparency and accountability. Community involvement, promoting ownership, and ethics oversight are important for building trust.

Explanation:

In the research setting, establishing trust in diverse communities does NOT require limiting public transparency and accountability.

Involving community members in decision-making and protocol design is an important step in building trust. This ensures that the research is conducted in a way that respects the unique needs and values of the community.

Promoting feelings of ownership within the community is also crucial for trust-building, as it empowers community members and makes them feel invested in the research process.

Assuring appropriate ethics oversight is fundamental to maintaining trust and ensuring that the research is conducted with integrity.

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A company is transitioning to a matrix organisational structure that will allow it to respond more quickly to developments in the marketplace. Many employees dislike the changes, even though they realise their company is falling behind its rivals in this area. A reason for the resistance to change might be: