What are the problems with return on premium life insurance? What type of individual would purchase decreasing term insurance?

Q: Why is a home a good inflation hedge

A: Inflation is a stage or condition in which the price is rising and the value of money is decreasing.…

Q: When a life insurance policy lapses, it: a. benefits the insured b. benefits neither the insurer nor…

A: When insured person fails to pay the premium on insurance than it is said that policy has lapsed and…

Q: A life insurance company worries that people with low risk of dying will not buy insurance because…

A: The insurance company will generally end up losing a lot of money. If an insurance company takes an…

Q: Describe a private insurance. what is it? Discuss the primary strengths and advantages, and…

A: Private Insurance means an insurance plan which is not operated by the government. It comes under…

Q: How can you encourage people to join health insurance scheme

A: Health insurance scheme is the scheme which is taken by an insured person for the coverage of health…

Q: Pros and cons of long-term care insurance.   Discuss the pros and cons of long-term-care insurance.…

A: Long term care insurance: Long term care insurance means  an insurance that pays those costs that…

Q: What are your recommendations for Insurance companies ?

A: 1.lapsation benifit to all 2. Reasonable refundable value 3. Single expense ratio

Q: Which of the following stalements is required by Long- Term care insurers when referring lo…

A: The answer for the multiple choice question and relevant explanation are presented hereunder : What…

Q: Differentiate the follo

A: Retirement                Personal Investment Plan Advantages Government decides interest…

Q: Explain Default Insurance?

A: Insurance is defined as a type of protection is a lawful understanding between two parties for…

Q: in insurance terminologies this means that a life insurance policy has been paid and active?

A: In insurance terminology premium means that a life insurance policy has been paid and active.

Q: risk pooling premium actuarially fair insurance premium deductible third party payer moral bazard

A: In the world of finance insurance is an important concept. Insurance is used for the purpose of risk…

Q: Which of the following wouldn’t save you money on your auto insurance premium? * a. Decrease your…

A: The ways where insurance premium can be saved 1. Bundling the insurance with other policies 2.…

Q: What are some of the possible consequences should a home owner allow the policy to lapse?

A: If the policyholder of the property insurance fails to make multiple payments, then the homeowners…

Q: What is the importance of insurance companies?

A: Insurance firms are financial middlemen that provide direct insurance or reinsurance services,…

Q: We said in our Risk Management and Insurance Planning course that Traditional/Non-Guaranteed Life…

A: Risk Management and Insurance Planning courses often delve into the intricate world of life…

Q: The least expensive form of whole life insurance protection is:   A. limited payment. B. term. C.…

A: Whole life insurance or straight life insurance protects the life of the covered. Both life…

Q: Discuss mortgage life insurance vs life insurance

A: Insurance - Insurance are the facility provided by the insurance company to secure the financial…

Q: Can both moral hazard and adverse selection occur in the insurance market s the difference between…

A: The insurance industry is an important part of the overall financial industry. Insurance is bought…

Q: Who are front-line underwriters? What are premium volume and loss experience with the insurer? What…

A: Underwriters are the person who sell theshares on behalf of the firm. They are very useful for the…

Q: Why would an insured inflate claims and who are the ones to suffer for it?

A: Insurance can be defined as the contract that is signed by an insurer indemnifies another person…

Q: 5. Some peode have high deductibles on their insurance policies in order mopthly rates. Others have…

A: Insurance plan with high deductible are better: 1. If you are young 2. If none of the elders or…

Q: Loans are available from term life insurance policies.   a.   True   b.   False

A: Policy loans are not available from term life insurance policies. Because there is no cash value to…

Q: Indicate whether the statement is true or false, and justify your answer.In the model of insurance…

A: According to the simple model, the state of the income utility curve decides one's desire for risk.…

Q: hich type of insurance is not deductible as self-employed health insurance? a. Long-term care…

A: Deduction -Taxpayers have the option to itemize their deductions, which entails claiming deductions…

Q: How can a patient benefit if the premiums paid are more than the cost of the medical care received?…

A: When deciding between individual and group health insurance, a patient should consider several…

Q: Which type of insurance has no cash value? Term life insurance Universal life insurance Variable…

A: Insurance refers to the concept of creating a policy to safeguard any sort of financial risk by…

Q: why disability have more negative financial consequences than death?

A: Disability can indeed lead to more negative financial consequences than death in many cases,…

Q: Disadvantages of Whole Life insurance include... Group of answer choices -More expensive than Term…

A: Whole life insurance guarantees payment of a stated benefit for the life of the insured person. It…

Q: What are the differences between an insurance agent and an insurance broker? Discuss.

A: Insurance brokers are individuals that sells, buy or negotiate variety of financial products that…

Q: 33) When a policy matures on the death of the insured , it is called as

A: Whole life insurance policy it represents a contract between the insured and insurer that as long as…

Q: How can moral hazard lead to more costly insurance premiums than one was expected?

A: Definition : Moral hazard : The risk of a person not entering into an agreement in good conscience…

Q: what are the advantages of high deductible on home insurance

A: A percentage deductible is generally greater than a conventional flat rate based on your houses'…

Q: Having convertible term life insurance is especially be nealth issues as you age. True O False

A: In this type of policy insurance company allow to change term policy to whole life insurance policy…

Q: True or False: When you prepay your insurance, your net worth decreases. Select one: O True O False…

A: Net worth can be calculated by deducting debts from the total assets. It is decrease by paying out…

Q: The _______________ problem is when customers who are most likely to have a claim against an…

A: In a business, an adverse selection occurs where the knowledge distribution between the buyer and…

Q: 12. Below are the features of the insurance policy under what types of life insurance? * Low initial…

A: Term Life Insurance is type of insurance where the insured pays predetermined amount of sum to the…