Finance

Bill is attempting to determine how much life insurance to purchase. H

Bill is attempting to determine how much life insurance to purchase. He has two dependent children and his wife does not work outside of the home. An advisor suggested that Bill should consider Social Security benefits when doing his life insurance planning. One concern in this regard is the period after Social Security benefits to […]

Read full post

Date: September 19th, 2020

All of the following are defects which limit the usefulness of the hum

All of the following are defects which limit the usefulness of the human life value approach in determining the correct amount of life insurance to purchase EXCEPT A) The effects of inflation are ignored. B) Other sources of income for survivors are ignored. C) Earnings are assumed to remain constant. D) Earnings during the individual’s […]

Read full post

Date: September 19th, 2020

Which of the following statements about re-entry term insurance is tru

Which of the following statements about re-entry term insurance is true? A) It permits the coverage to be renewed an unlimited number of times as long as insurability is demonstrated. B) It permits a refund of premiums paid if the term insurance is renewed a specified number of times. C) It permits a lower renewal […]

Read full post

Date: September 19th, 2020

Which of the following statements about premature death is (are) true?

Which of the following statements about premature death is (are) true? I. From an economic standpoint, premature means death before a specified age, such as 65. II. The economic problem of problem of premature death in the U.S. has declined substantially over time. A) I only B) II only C) both I and II D) […]

Read full post

Date: September 19th, 2020