What are the advantages of term life insurance?
A) It allows you to increase your insurance coverage for specific reasons and specific time periods.
B) With decreasing term coverage, your premiums get smaller as you get older.
C) It has no investment feature so it costs less than other forms of insurance.
D) All of the above are correct.
E) Only A and C are correct.
Answer: E
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All of the following are important provisions of the Sarbanes-Oxley Act except:
a. The establishment of a new Public Company Accounting Oversight Board. b. The requirement to prepare both FASB and IASB financial statements. c. A requirement that the external auditors report directly to the company's audit committee. d. A clause to prohibit public accounting firms that audit a company from providing any other services that could impair their ability to act independently in the course of their audit.
A company has $200 in cash, $500 in accounts receivable, and $700 in inventory. If current liabilities are $400, then the current ratio would be
a. 1.75 to 1 b. 2.25 to 1 c. 3.00 to 1 d. 3.50 to 1
Which of these is NOT one of the ways that the Electronic Signatures in Global and National Commerce Act (E-SIGN Act) provides that a digital signature can be verified?
A. by something the signatory knows B. by something the signatory has C. by the signatory's biometric data D. by an amount the signatory can pay
?Exhibit 14-2 A $500,000, ten-year, 7% bond issue was sold to yield 6% interest payable annually. Actuarial information for 10 periods is as follows: ? ? 6% 7% Present value of 1 0.50835 0.55839 Present value of an annuity of 1 7.02359 7.36009 ? ? Refer to Exhibit 14-2. At date of issuance cash received would be
A. ?$489,903. B. ?$464,883. C. ?$511,778. D. ?$536,798.