I'd add a note specifying that builtins names are not illegal variable names, though their usage is discouraged (for obvious reasons). Should I avoid using "str" as a variable name in Python? The file Grude Oil contains the volume (in barrels) of Canadian crude oil exports by rail from January 2012 to May 2019. All of the following statements are correct about group life insurance EXCEPT: (A) a member can assign her incidents of ownership(B) certificate holders need not be notified if the policy expires(C) rates are typically more favorable than for individual policies(D) it is generally written as a one-year renewable term plan, (B) certificate holders need not be notified if the policy expires. An insurance policy that only requires a payment of premium at its inception, provides insurance protection for the life of the insured, and matures at the insured's age 100 is called (A) Conversion rule(B) Disclosure rule(C) Replacement rule(D) Reinstatement rule. D Family Policy, If a life insurance policy increases significantly in face amount (death benefit) when the insured reaches a specified age, what type of policy is this? The company is also moving toward biodegradable packaging and seasoning bags and cans and bottles. B) Straight Life Both life insurance and annuities utilize mortality tables and the pooling technique actuarially in spreading the risk to better predict life expectancy. D) The period of time during which accumulated money is converted into income payments, D) The period of time during which accumulated money is converted into income payments, Which of the following is TRUE for both equity indexed annuities and fixed annuities? A Usually a parent or guardian is the applicant for insurance on the life of a minor. This E-mail is already registered as a Premium Member with us. C) The payable premium amount steadily declines throughout the duration of the contract The change in credit terms is expected to increase sales to $510,000. Which policy should Hank's insurance agent recommend? The managers at the Casa Grande plant have also installed skylights in conference rooms, offices, and a finished goods warehouse to reduce the need for artificial light. A The amount of coverage can be greater than the amount owed. A Indexed Universal Life 20) Some fixed costs may be classified as direct manufacturing costs. B Second-to-Die So what *is* the Latin word for chocolate? All of the following apply under the federal ERISA law EXCEPT: (A) the Florida law on retirement plans supersedes ERISA(B) qualified pension plans receive favorable tax treatment(C) Fiduciary responsibility is required(D) funding, participation, and vesting are addressed, (A) the Florida law on retirement plans supersedes ERISA. A biomass boiler, which will burn agricultural waste, is also planned to provide additional renewable fuel. Experiments are usually designed to find out what effect one variable has on another - in our example, the effect of salt addition on plant growth.. You manipulate the independent variable (the one you think might be the cause) and then measure the dependent variable (the one you think might be the effect) to find out what this . B) Evidence of insurabillity is not required Which of the following life insurance policies allows a policyowner to take out a loan from the policy's cash value? Nicknames For Aylin, B Level term life. D Joint Life Policy. 11) All of the following are true EXCEPT that indirect costs: B) are not easily traced to products or services, C) vary with the selection of the cost object, D) may be included in manufacturing overhead. Which of the following statements applies to the rights of a surviving spouse under a group insurance policy? Question 1 0 / 1 pts Variable costs include all of the following except: Direct labor Materials Correct Answer Equipment You Answered Sales commissions Direct labor Materials Question 2 1 / 1 pts In a manufacturing organization, general employee training costs are considered. What kind of policy issues certificates of insurance to insureds? 11) All of the following true EXCEPT that indirect costs: 11) All of the following true EXCEPT that indirect costs: : 1869182. D) Business Corporations may use annuities to provide pensions for employees, either nonqualified or qualified plans, or to structure payments of liability settlements. Answer votes answered Sep 9, 2022 by (64.9k Best answer B It can be a limited premium payment policy. A The amount of insurance. Underwriter E. items "C" and "D" above. When would a 20-pay whole life policy endow? Road Bikes Sale, B Sale of this product requires a securities license. All of the following statements are correct regarding credit life insurance EXCEPT. Is that a python 3.x thing? D Guaranteed universal life, Which option for Universal life allows the beneficiary to collect both the death benefit and cash value upon the death of the insured? D Survivorship Universal Life. 17) Misallocated indirect costs may lead to NOT promoting profitability. Juvenile Life is classified as any life insurance purchased by a minor. B) The contract can be issued without an annuitant When an annuity is written, whose life expectancy is taken into account? C Surplus Lines Cause and effect relationships explain why things happen and allow you to reliably predict the outcomes of . B Variable universal life C Fixed-amount Take the quiz test your understanding of the key concepts covered in the chapter. Strange behavior of tikz-cd with remember picture. B) A person selling variable annuities is required to have only a life agent's license Which of the following applies to variable contracts? C Whole life Ex.) C Mortgage Redemption D Level Term Policy, Which of the following policies would have an IRS required corridor or gap between the cash value and the death benefit? The Dreamers Google Drive, D Aleatory contract. D) Department of Insurance, Which two terms are associated directly with the way an annuity is funded? D Renewable Term Policy. 2003-2023 Chegg Inc. All rights reserved. D The insured may only convert the policy to another term policy. The LEAST expensive first-year premium is found in which of the following policies? B For at least 20 years. C) The insurance Company 3. A) Both are considered to be more risky than variable annuities What problems can you foresee and what advice would you give to your friend? A The contract pays only in the event of death during the term and there is no cash value. When the insured dies, the insurer pays the remaining balance on his home loan. C Interest-sensitive Whole Life Frito-Lay, the multi-billion-dollar snack food giant, requires vast amounts of water, electricity, natural gas, and fuel to produce its 41 well-known brands. C) The period of time from the effective date of the contract to the date of its termination A) Securities license is not required In science, a variable is any factor, trait, or condition that can exist in differing amounts or types. Q1. An insured has a life insurance policy that requires him to only pay premiums for a specified number of years until the policy is paid up. All of the following statements are correct about policy loan interest rates EXCEPT: (A) an insurance company can charge a fixed rate of interest up to a maximum of 10%, with some restrictions(B) an adjustable interest rate can be used if the insurance company follows a national corporate bond index(C) an adjustable interest rate can be used if the limit is based on the average monthly published interest rate set by Moodys(D) policy loan interest rates were set by the Office of Insurance Regulation in 1933 and may not be changed, (D) policy loan interest rates were set by the Office of Insurance Regulation in 1933 and may not be changed. D Same amount of premium, Which component increases in the increasing term insurance? You should now have gotten the answer to your question All of the following are true about variable products EXCEPT, which was part of Insurance MCQs & Answers. What would be the right policy for this client? B) Immediate or deferred 0 A. O B. D Continuous Premium. A Joint and survivor C The premiums are invested in the insurer's general account. A Single Premium C Most term policies contain a convertibility option. B Flexible Which policy should Hank's insurance agent recommend? C Return of premium C To protect the policyowner A It requires proof of insurability at each renewal. A Accidental Death and Dismemberment A Limited-pay Life B Universal life II. D The premium is usually higher in the first few years of the policy. (A) Whole life(B) Term life(C) Endowment plan(D) Fixed annuity. C Whole Life Policy Because all payments cease upon the annuitant's death, the amounts of the monthly income payments are larger while the annuitant is alive, than under any other option. D) Amount and length of payments, A Return of Premium term life policy is written as what type of term coverage? Has Microsoft lowered its Windows 11 eligibility criteria. b. All of the following policies could be offered as variable policies, EXCEPT: All of the following are guaranteed features in a variable life insurance policy, EXCEPT: Which of the following policies allows the policyowner to buy term and direct the investments made in the cash value account? D. fixed manufacturing overhead. B Term insurance C Juvenile Life is classified as any life insurance written on the life of a minor. A Accidental Death Rider All other factors being equal, what would the premium be like in a survivor ship life policy as compared to the premium in a joint life policy? Find centralized, trusted content and collaborate around the technologies you use most. He discovered that his policy B Survivorship Policy B Creditor B) The face amount steadily declines throughout the duration of the contract B Return to the initial premium amount. A Cost of Living Rider D Half at the first death, and half at the second death. If the insured dies, how much will be paid out? A Decreases annually. D Creditor is the policyowner. C) The annuitant must be a natural person B) They invest on a conservative basis B Interest-sensitive Whole Life Are you having trouble answering the question All of the following are true about variable products EXCEPT? D) The performance of the policy portfolio, D) The performance of the policy portfolio, Which of the following is TRUE regarding variable annuities? A) A decreasing annual premium for the life of the insured C Option A Stolen Youth Vinyl, Immediate annuities must begin distribution within one year of the purchase date. B Increasing Term B) The period of time during which money is accumulated is an annuity Monthly, Quarterly, Annually, etc. If at the end of this period the father is still disabled, the insured will be refunded the premiums. D Higher. Is it possible to get a list of keywords in Python? 15) Assigning direct costs poses more problems than assigning indirect costs. C Decreasing Term B Guaranteed Universal Life I'm aware that some keywords are verboten as variables. Which of the following laws defined a security product? If the father becomes disabled, what will happen to the life insurance premiums? C It insures the life of a debtor. C) Most term policies contain a convertibility option (A) Coverage continues at the same rate and premium(B) Conversion privileges must be provided for dependents(C) Conversion privileges extend to the spouse but not to the children(D) Conversion rights of the surviving spouse are less than those which the insured employee possessed, (B) Conversion privileges must be provided for dependents. A) During this of time the annuity payments grow interest tax deferred Which of the following is CORRECT about the replacement rule? A) A direct cost of one cost object cannot be an indirect cost of another cost object. C The insured must provide evidence of insurability to renew the policy. By clicking Accept all cookies, you agree Stack Exchange can store cookies on your device and disclose information in accordance with our Cookie Policy. A) The beneficiary B Neither the premium nor the death benefit is affected by the insured's age. What's the canonical way to check for type in Python? They know it will take several years to build the business to the point that they can pay off the debt incurred in starting the business. D) Decreasing term, The term "fixed" in a fixed annuity refers to all of the following EXCEPT (A) If cancelled, the members must be notified(B) There must be at least 25 lives int he group(C) A group member cannot name a beneficiary(D) Any group of individuals is eligible for group life, (A) If cancelled, the members must be notified. During which money is accumulated is an annuity Monthly, Quarterly, Annually, etc the (! For type in Python the amount of coverage can be greater than the amount owed at the few... 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