What type of life insurance is the most appropriate when purchasing life insurance today? Explain

Q: Is self-insurance the same as going without insurance? Why or why not?

A: The advantages of being self-insured area unit value savings and management of the insurance…

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 type of insurance would i need if i went to the hospital

A: Medical expenses mean those expenses which are incurred by the people for the medical treatment.

Q: beneficiary of a life insurance policy is

A: Beneficiary of a life insurance policy is the person who receives money from the insurance company…

Q: What is life insurance company?

A: Life insurance: Life insurance is an agreement among an insurance corporation (insurer) and an…

Q: Type of long-term care policies Triggers to become eligible for benefits Exclusions

A: Point to be Noted:- Since you have asked questions with multiple sub parts. I will be answering…

Q: IS' and IH' are income when sick and healthy, respectively, when covered with health insurance, Full…

A: Full insurance usually suitable for those companies and individuals with a highly risk-averse…

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: Which of the following earns a fixed rate of return? Whole life insurance. Term-life insurance.…

A: There are two main types of life insurance:- Term life insurance and whole life insurance. Term life…

Q: What is the difference between life insurance and annuity?

A: Meaning:Life insurance is a cover on financial loss, and it is a contract between insurer and a…

Q: Homework 1. What is the purpose of life insurance? Do you think everyone needs life insurance?…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: When planning life insurance coverage, you should differentiate between ongoing expenses and…

A: The question is based on the concept used in planning life insurance coverage, Life insurance policy…

Q: Which type of life insurance allows for the owner to choose their investment accounts? Term life…

A: Life insurance is the contract between the policyholder and insurance company where the insurance…

Q: Discuss mortgage life insurance vs life insurance

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

Q: 2. What are the major factors involved in determining how much life insurance coverage a person or…

A: Life insurance is a contract in which an insurance company commits to pay a set sum following the…

Q: What type of life insurance policy would give you investment choice?

A: Unit linked insurance plans (ULIP) is life insurance plans that having hybrid characteristics. This…

Q: Briefly explain the following characteristics of long-term care insurance. Protection against…

A: In long-term care insurance plans there are many approaches to obtain inflation insurance cover. The…

Q: what is life insurance

A: Life insurance in the insurance of risk done by the policy holder that pays the amount to the policy…

Q: Discuss how benefits of insurance has sustained the insurance industry to date

A: Insurance is an arrangement under which a person or agency receives financial security or…

Q: Describe the Investments in Life Insurance Policies.

A: Life Insurance policies are to provide financial support to the beneficiaries and dependents after…

Q: What were your feelings about your need for life insurance before you read this chapter? What are…

A: Insurance is a means of mitigating risk. When you buy insurance, you are purchasing protection…

Q: What is the major difference between pre- and post-retirement planning?

A: The major difference between pre and post-retirement is that pre-retirement planning is mainly…

Q: Which of the followings is NOT correct about life insurance? O a. To meet an insured person's debts…

A: Insurance means where insurance company agree to pay the specified amount to insured person in case…

Q: e insurance and non life insurance saves the assets of its pilicy ho

A: Life insurance and nonlife insurance are two different category of insurance schemes.

Q: Compare and contrast the early historical accounting for postretirement health care and life…

A: Historical cost accounting is an important technique that records assets on a statement of financial…

Q: What are the problems with return on premium life insurance? What type of individual would purchase…

A: Term life insurance guarantees payment of a stated death benefit if the covered person dies during a…

Q: Which type of life insurance allows for flexible premium payments? Term life insurance Universal…

A: Flexible premiums ensure adjustments in the premiums which are beneficial for the insurance policy…