Juanita paid a life insurer $45,000 in exchange for an immediate life annuity. Juanita will receive $500 per month from the insurer, and her life expectancy is 15 years (180 months). What is the exclusion ratio in this case?
A) 33.33 percent
B) 40.00 percent
C) 50.00 percent
D) 66.67 percent
Answer: C
You might also like to view...
The general purpose of any ________ is to persuade the audience to do something
A) proposal B) presentation C) press release D) research report E) pictograph
Which of the following costs is the most likely not allocated to a product in a job costing environment?
A) Indirect materials B) Factory maintenance C) Factory utilities D) Direct labor
Kelley went ice skating on a neighbor's pond, but she fell through a thin area into icy waters. Kelley did not have permission to be on the property, and the neighbor did not even know that she was there. Is the neighbor liable for Kelley's injuries?
a. Yes. The neighbor should have posted "thin ice" notices. b. No. Kelley was a trespasser and the neighbor can only be held liable for intentionally injuring her or for gross misconduct. c. It may depend on Kelley's age. d. Yes, the neighbor is strictly liable.
An association of banks and other payors whose members settle accounts with each other on a daily basis is a:
a. payor banking group. b. clearinghouse. c. provisional reserve. d. None of these.