Which of the following is a key distinction between variable whole life and variable universal life products? A. Variable universal life has a fixed premium. B. Variable universal life is regulated solely through FINRA. C. Variable whole life allows policy loans from the cash value. D. Variable whole life has a guaranteed death benefit.
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- Which of the following is correct about the effect of a deductible with respect to the price of an insurance policy? O A policy with a deductible will raise the premium. This will make the overall cost of insurance higher for policyholders who do not have a claim, but lower for those with high claims O A policy with a deductible will lower the premium. This will make the overall cost of insurance higher for policyholders who do not have a claim, but lower for those with high claims O A policy with a deductible will raise the premium. This will make the overall cost of insurance lower for policyholders who do not have a claim, but higher for those with high claims O A policy with a deductible will lower the premium. This will make the overal cost of insurance lower for policyholders who do not have a claim, but higher for those with high claims5. Some peode have high deductibles on their insurance policies in order to lower their mopthly-rates. Others have lower deductibles, but higher insurance rates. Under whät circumstances wouid one or the other be the better choice? C.General Annuity 1. Differentiate General Annuity and General Ordinary Annuity?2. What is a General Ordinary Annuity?3. Express the process in finding the Present and future value of Generalordinary annuity.4. What is the formula in finding the Fair Market Value?5. Express the process in finding the Fair Market Value.
- Under the revised Annuity Suitability Model Regulation, all obligations to meet the consumer best interest standard and ensure that a consumer's financial needs and objectives are addressed now fall to the producer. Insurers have no obligations or practice standards under the new regulation. A.True b. FalseWhat is the indifference point under the net present value? When would there be a discount on a loan? How about a premium? Explain the purpose of the net present value.What happens when you want your policy to be a paid-up policy. Show this clearly by giving an example of a policy of your own choice, indicating the Sum Assurred, the policy's periodic premiums and term of the policy
- Present value of an annuity Consider the following cases. Case Annuity payment A $ B C D E 12,000 55,000 700 140,000 22,500 Interest rate 7% 12 20 5 10 Annuity length (years) 3 15 9 7 5 a. Calculate the present value of the annuity, assuming that it is (1) An ordinary annuity. (2) An annuity due.What is a syndicated loan? What are its advantages anddisadvantages?From the borrower’s standpoint, what are the advantages and disadvantages ofsecuring a loan?
- ordinary annuity, annuity due, perpetuity, growing annuity or amortization topics. Then describe steps involved in calculating it and provide an example using your financial calculator. there is a difference between EAR and APR when compounding interest. Describe this difference. Assume you are a financial investor and have to advise a customer on the difference. How would you describe the differences to them and what would you advise?What is the cost of accrued liabilities? If accruals have such a low cost, why don’tfirms use them even more?e following statements about annuities are true? Ch hnuity due earns more interest than an ordinary ann