Which of the following is an advantage of a longevity annuity (longevity insurance)?
A) Death benefits are paid to a beneficiary if death occurs during the deferral period.
B) The interest rate credited to the cash value is higher than what is earned on traditional life insurance.
C) Monthly benefits begin at an advanced age when other assets are likely to have been depleted.
D) The policyowner has unrestricted access to the funds during the deferral period through loans and cash withdrawals.
Answer: C
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The Restatement (Second) of Contracts carries the force of law.
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1. When Carla revises the waitstaff schedule at her restaurant to have more personnel available during the newly busy breakfast rush, she is engaged in organizing. 2. When Shannon reviews reports and determines that she has four underperforming salespeople with whom she will need to talk, she is performing the controlling managerial function. 3. When a manager is motivating others to work hard to achieve the organization's goals, she is engaged in the management function of leading. 4. Tucker recently attended a dinner for the new CEO. He came away feeling very excited and anxious to do his part to help the company achieve its goals. In this instance, the CEO was performing the management function known as planning.
The company whose stock is owned by the parent company is called the
A) controlled company. B) investee company. C) subsidiary company. D) sibling company.
Extraordinary repairs:
A. Are revenue expenditures. B. Are credited to accumulated depreciation. C. Are additional costs of plants assets that do not materially increase the asset's life. D. Extend the useful life of an asset beyond its original estimate. E. Are expensed when incurred.