15. Which of the following does not belong to the main products of life insurance? * O A. Endowment O B. Personal accident О с. Term O D. Whole life

Q: Which of the following is NOT a business of life/non-life insurance firm? a. Property/casualty…

A: Life insurance: Phrase life insurance, moreover known as pure life insurance, is life protections…

Q: J requests insurance on a neighbor's home in his own name. The insurance producer explains that such…

A: Since you have posted multiple questions, as per answering guidelines we shall be solving first…

Q: Statement 1: If an insured outlived his policy and received from the insurance company an amount…

A: Here discuss about the tax burden which are incurred in the insurance policy after the outlive of…

Q: you will suggest to someone, which is better to have a life insurance or non life insurance? Why?

A: Life insurance is related to death benefits and non life insurance is related to physical assets…

Q: Differentiate the follo

A: Retirement                Personal Investment Plan Advantages Government decides interest…

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: QUESTION 14 What information is contained in the insuring agreement of an insurance policy? O a…

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

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: 11. Which of the following is NOT the features of investment-linked insurance? O A. The insured can…

A: A life insurance plan that combines investment and protection is referred to as an investment-linked…

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

A: The question is multiple choice question. Required  Which of tje following is not correct about life…

Q: 21. What is the form that filled out by insured if a loss is suffered? *

A: Takaful is a sort of Islamic insurance in which members combine their funds to protect one another…

Q: 10. ________principle means that the insured is not entitled to make a profit on his loss: a.…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: . Which of the following is TRUE regarding a whole life insurance policy that pays a dividend?…

A: Please not th  at as per the guidelines, I am required to answer only the first three questions.…

Q: Discuss SEVEN (7) factors affecting Life insurance premium. Please provide justification for each of…

A: Life insurance is a formal contract between the life insurance company as insurer and an individual…

Q: Which of the following is the main objective of P2P insurance   O a. Less Fraudulent Claims   O…

A: The acronym P2P insurance stands for peer to peer insurance. It is formed by a group of people who…

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: 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: Which of the following statements is correct about perils in property insurance policies?

A: Insurance is a contract by which the insured party is protected against losses by the Insurer in…

Q: 13. Life insurance is necessary because it can provide (among other things) the benefits. Which of…

A: A policyholder must pay a single payment up front or regular premiums over time in order for their…

Q: dissimilar to the other three options? d. Motor insurance b. Personal property insurance С. Life…

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

Q: 1. Fundamental purposes of the principle of indemnity include which of the following? I- To

A: Ans. The fundamental principle of Indemnity arises in case of Insurance. The insurance co. is called…

Q: The following are excluded from gross income, except:  a. Proceeds of life insurance policy received…

A: Gross Income Gross income refers to the income of an individual which comprises income from wages…

Q: 5. Which of the following actions showcases the principle of "uberrima fides"? O A. Lying about…

A: Uberrima fides is a Latin word which means "utmost good faith".

Q: is taxable?  A. Proceeds of life insurance received by heirs B. Excess amount received over…

A: Taxable income: Taxable income is the income which are subject to payment of taxes. Therefore, any…

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: 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…

Q: life insurance proceeds paid to a beneficiary because of the insured's death is taxable. true or…

A: False

Q: B) The insured bas to die while disabled

A: The insured has to die while disabled is false statement in given question. There is no such…

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: Which of the following statements about life insurance is NOT accurate? a) permanent insurance puts…

A: Permanent life insurance is the insurance policy that covers the whole life whereas term life…

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: urvivorship

A: A life insurance policy refers to the contract between a person and the insurance company. An…