List and describe briefly the various settlement options under life insurance contracts
What will be an ideal response?
The following are standard settlement provisions. 1 ) cash - the beneficiary receives one lump sum, 2 ) fixed amount - fixed amounts are paid (including interest) until all funds are exhausted, 3 ) fixed period - the period is fixed and an amount is paid to liquidate the benefit (including interest) over the fixed period, 4 ) interest only - interest is paid on the benefit and benefit can be withdrawn at any time, 5 ) life income - any life income option.
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What are the major advantages of secondary internal data?
What will be an ideal response?
In terms of the total fees paid to executive search firms, which of the following statements is FALSE?
A. One-third is paid 90 days into an assignment. B. The last third is paid upon completion, plus expenses. C. A retainer amounts to one-third the total fee. D. A retainer is paid as soon as a search is commissioned.
An asset's residual value is:
A. equal to its accumulated depreciation. B. its cost minus its accumulated depreciation. C. its cost plus any costs to install it and place it in service. D. the estimated amount it can be sold for at the end of its useful life.
In a scatter diagram, a line that provides an approximation of the relationship between the variables is known as
a. approximation line b. trend line c. line of zero intercept d. line of zero slope