Which Of The Following Best Describes What Life Insurance Is Designed To Protect Against

Human life is the subject matter of a contract of _____ a) life assurance b) fire insur ance c) marine insurance d)general insurance 33. Although insurability and the sex of the insured are also considered, the face amount of the policy, marital status, location and date are not factors used to refigure the premium for that type of rider.

Solved Which Of The Following Best Describes A Best Efforts Cheggcom

Reduce the possibility of the occurrence of the event causing the loss d.

Which of the following best describes what life insurance is designed to protect against. Life insurance cash value may be borrowed from the insurer at a low interest rate if the policy owner can pass an easy credit check. [3] irbs should feel free to revise the sample language above as appropriate based on the nature of the research and the types of human subjects involved. Policies are contracts of assurance.

Disclose the fee to the client, in writing, and be agreed upon prior to the issuance of the policy. If there is any balance when the beneficiary dies, the insurance company keeps the balance. Read the given passage and answer the following questions.

Take speculative risk to compensate for the loss c. The insured pays a premium for a specified number of years. A) fire insurance b) marine insurance c) life insurance d)all 32.

Too much regulation would clean the water. If an insurance producer is to charge to the client a fee that is in addition to the commission for the sale of an insurance policy, the producer must. Adequate insurance company agreed, but only on the condition that it receive a portion of the premium the client has paid to shield insurance ltd.

Explanation life income is a life settlement option that will pay the beneficiary a monthly income for the rest of her life, taking into account the size of the death benefit and the life expectancy of the beneficiary. 1.life insurance policies are contracts of indemnity while general insurance. Driven by a terrifying video and word of mouth, people flooded the south minneapolis intersection where he was killed shortly after memorial day, demanding an end to police violence against black americans.

Which of the following was a criticism of laws designed to protect the environment? He would like a start a permanent life insurance program that would cover his debt and still be affordable during he period he is establishing his earning potential. Life insurance cash value may be collected by terminating the policy:

Guarantee funds are funded from assessments on all insurers doing business in a particular state. The insured is covered during his or her entire lifetime. The premium will be refigured based on the new insured's age and health.

Insurance companies are partially owned by the government, and thus are not allowed to fail. Insurance provides protection against economic loss by enabling the policy owner to a. All of the following are types of insurers except:

A) stock insurers b)mutual insurers. Include this information in his sales pitch. A universal life policy has a death benefit of $125,000.

The spendthrift clause of a life insurance policy is designed to do all of the following except a) prevent the beneficiary’s reckless spending of the death benefit. Which of the following insurance contract is not based on the principle of indemnity. A) protects against uncertainty b)means sharing of loss c)eliminates risk d)transfers risk.

As a parent, you'll do everything to secure the future of your child. Contacted adequate insurance company to request that it cover a portion of the risk. Passage 1 george floyd had been dead only hours before the movement began.

Consumers are insured from insurance company failure at the state level; B) allow the beneficiary to change to another option when insured dies. Too much regulation could hurt businesses.

Which of the following best describes term life insurance? A guarantee fund is designed to protect insureds from losses due to insolvent insurers. The soviet invasion of afghanistan triggered american sanctions against the soviet union in 1979.user:

To spread this risk, shield insurance ltd. Purchase a decreasing benefit policy that matches the loan repayment schedule. Various life insurance programs for people who served in the military are called _____?

All of the following are true of insurance except: The term that best describes this scenario is a) retention. Cash value is an important component of whole life, universal life, and variable life but is never a component of term insurance.

Just like the fdic protects consumers from bank failures, the federal government insures against insurance company failures; In order to make sure that a creditor of the insured is not paid more than the outstanding loan at time of claim, the policyowner should: An appropriate policy would be:

Environmental laws didn't work to clean the environment. Transfer responsibility for the loss to others b. Policies are contracts of indemnity.

3.in case of general insurance the risk event protected against is. Life insurance (or life assurance, especially in the commonwealth of nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person (often the policy holder). Probability of dying increasing as you grow older outliving your income dying before financial obligations have been met loss of income due to retirement

Learn more about this plan. Depending on the contract, other events such as terminal illness or critical illness can also trigger. His studies have limited his ability to work, so he has borrowed funds to pay for his education.

2.life insurance policies are contracts of assurance while general insurance. The insured can borrow or collect the cash value of the policy.

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