Briefly describe the following types of group life insurance plans: a. Group term life insurance b. Group
Question:
a. Group term life insurance
b. Group accidental death and dismemberment insurance (AD&D)
c. Group universal life insurance
d. Worksite marketing programs
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (11 reviews)
a Group term life insurance is yearly renewable term insurance The amount of insurance is typically one to five times the workers salary If the employ...View the full answer
Answered By
Madhur Jain
I have 6 years of rich teaching experience in subjects like Mathematics, Accounting, and Entrance Exams preparation. With my experience, I am able to quickly adapt to the student's level of understanding and make the best use of his time.
I focus on teaching concepts along with the applications and what separates me is the connection I create with my students. I am well qualified for working on complex problems and reaching out to the solutions in minimal time. I was also awarded 'The Best Tutor Award' for 2 consecutive years in my previous job.
Hoping to get to work on some really interesting problems here.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara
Question Posted:
Students also viewed these Corporate Finance questions
-
Briefly describe the following types of preferred shares: straight, retractable, and floating rate?
-
Briefly describe the following types of claims adjustors: a. Agent b. Company adjustor c. Independent adjustor d. Public adjustor
-
Describe the following types of cash accounts: (a) General checking accounts, (b) Cash management accounts, (c) Imprest payroll accounts, (d) Petty cash accounts.
-
6.33. The "intrinsic gain" of a MOSFET oper- ating in saturation is defined as gmro. De- rive an expression for gmro and plot the result as a function of ID. Assume VDs is constant.
-
Eyad and Rahia divide a profit of $12 700. If Eyad is to receive $2200 more than two fifth fo Rahias share, how much will Rahia receive?
-
Assume you will receive $1,000 at the end of year 1. What is its present value at the beginning of year 1 if you expect an 8% rate of return? What is the present value if you expect a 9% return? 10%?...
-
When reviewing an organizational chart, what represents the formal line of authority and responsibility within the organization? A. Specialization of labor. B. Chain of command. C. Span of control....
-
Grecian Inc. has the following totals from its operating budgets: Selling and administrative expenses budget . . . . . . . . . . . . . $ 244,500 Cost of goods sold budget . . . . . . . . . . . . . ....
-
1. If the management is forcing a wireless network connection for the company, what would be some of the security measures you could take ? (Please list 3 and briefly explain them) 2. What is the...
-
Mr B aged 52 years, has earned rupees 75,00,000 out of his business. His ex-wife gifted him a car worth rupees 8 lakh. He spent a total of rupees 20 lakh during a family trip. He won a lottery of 16...
-
Describe the basic underwriting principles that are followed in group insurance.
-
a. Describe the major characteristics of Blue Cross and Blue Shield plans. b. Why do many employers self-insure (self-fund) their group medical expense plans?
-
What is the generalized format for most specifications?
-
Solve y' (t) + sin(t)y = tet+cos(t) Integrating factor u(t) = Multiplying both sides by u(t) to get:
-
Preparing the (I) consolidation entries for sale of depreciable assets-equity method. Assume on 1/1/2016, a parent sells to its wholly owned subsidiary, for a sale price of 162,000, equipment that...
-
1. What are some changes that have occurred as a result of the Civil Rights Act of 1991? 2. What does the term legal and moral entitlement mean to you as an employee or future employee? Give an...
-
Baird Freight Company owns a truck that cost $31,000. Currently, the truck's book value is $24,000, and its expected remaining useful life is five years. Baird has the opportunity to purchase for...
-
Use the Moist Air Properties Table (Table 2-5 in the textbook, link to pdf in Canvas) to determine the following properties of moist air at a dry bulb temperature of 125F and humidity ratio of 0.040...
-
(A) What are the odds for rolling a sum of 5 on the single roll of two fair dice? (B) If you bet $1 that a sum of 5 will turn up, what should the house pay (plus return your $1 bet) in order for the...
-
Cleaning Service Company's Trial Balance on December 31, 2020 is as follows: Account name Debit Credit Cash 700 Supplies Pre-paid insurance Pre-paid office rent Equipment Accumulated depreciation -...
-
State and solve the diamondwater paradox.
-
a. How can a U.S. company use regression analysis to assess its economic exposure to fluctuations in the British pound? b. In using regression analysis to assess the sensitivity of cash flows to...
-
Vegas Corp. is a U.S. firm that exports most of its products to Canada. It historically invoiced its products in Canadian dollars to accommodate the importers. However, it was adversely affected when...
-
Using the following cost and revenue information shown for DeKalb, Inc., determine how the costs, revenue, and cash flow items would be affected by three possible exchange rate scenarios for the New...
-
what do i put for number four if the dividends where paid in full and we do not have the amount
-
Ryan Corporation has the following information relating to its manufacturing and selling of cakes: Average current selling price: $14.00 Average variable cost of cakes: $6.00 Fixed yearly costs:...
-
The pink plastic lawn flamingo is inventing in 1957 by Don Featherstone. Choose 1 answer: Choose 1 answer: (Choice A) NO CHANGE A NO CHANGE (Choice B) was invented B was invented (Choice C) which...
Study smarter with the SolutionInn App