Which of the following statements concerning the letter of last instructions is false? A) It should provide information on your estate. B) It should name your current financial and business advisors. C) It should explain why you have structured your bequests the way you did. D) It should legally determine your beneficiaries. ANSWER […]
The government provides special tax incentives on savings specially earmarked for retirement. Indicate whether the statement is true or false ANSWER TRUE
In comparison to an investment in common stock, a limited partnership investment offers greater liquidity. Indicate whether the statement is true or false ANSWER FALSE
An equity trust invests in equity securities, such as common stocks. Indicate whether the statement is true or false ANSWER FALSE
In the jargon of the insurance industry, “UCR” stands for A) Urgent Care Reimbursement. B) Usual Customary and Reasonable. C) Usual Care Reimbursement. D) Usual Customary and Responsible. ANSWER B
The term copayment means that A) both the private insurer and the government will share the cost of the medical service. B) both your private physician and the hospital providing the service must be reimbursed simultaneously. C) both you and your insurer will share the cost of the medical service. D) both you and your […]
Liability insurance protects you from A) harm others cause you. B) natural catastrophes. C) property loss due to all causes. D) the harm your negligence causes others. ANSWER D
A REIT is an equity trust. Indicate whether the statement is true or false ANSWER TRUE
Walmart has a significant sales presence in: A) discount retail sales. B) Internet sales. C) grocery stores. D) All of the above. ANSWER D
If the cost of an office visit is $30 and you have a $10 copayment under your health insurance coverage, then you pay A) $40. B) $30. C) $20. D) $10. ANSWER D
