Give some reasons why an insured might prefer to reinstate an existing policy rather than begin a
Question:
Give some reasons why an insured might prefer to reinstate an existing policy rather than begin a new one.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 92% (13 reviews)
There are several reasons why reinstating an old life insurance con...View the full answer
Answered By
Yashraj Singh
I am a physics undergrad student and will graduate this April. I have had the experience of tutoring elementary school students and now would like to share my knowledge with a larger audience. I have done online courses on physics from platforms like Coursera, NPTEL, and IIT Kanpur and look forward to gain more knowledge and expertise in my subject.
I believe that a student is as good as his/ her teacher. As a teacher, I will try to help my students so they succeed both in studies and life. It is very important for a teacher that he/she inspires his/her students to do best and I have been very lucky to have such teachers who have pushed me to give my all and I look forward to being an inspiration for others. Knowledge, as far as I know, is the only thing that increases with sharing. I will give my 100% to serve error-free, easy to understand, and original work.
0.00
0 Reviews
10+ Question Solved
Related Book For
Introduction to Risk Management and Insurance
ISBN: 978-0131394124
10th edition
Authors: Mark S. Dorfman, David Cather
Question Posted:
Students also viewed these Corporate Finance questions
-
Give some reasons why gross domestic product is not a suitable measure of the well-being of the nation. (Have you noticed newspaper accounts in which journalists seem to use GDP for this purpose?)
-
Give some reasons why the off- main diagonal probabilities of an information system such as that depicted in Table 3.2 are non- zero. Use the concepts of relevance and reliability in your answer....
-
Give some reasons why the payoff from the managers current- period effort is typically not fully observable until a subsequent period. How do contracts respond to the need to pay managers currently,...
-
PepsiCo, Inc.s financial statements are presented in Appendix B. Financial statements of The Coca-Cola Company are presented in Appendix C. The complete annual reports of PepsiCo and Coca-Cola,...
-
Plastic sheets produced by a machine are periodically monitored for possible fluctuations in thickness. If the true variance in thicknesses exceeds 2.25 square millimeters, there is cause for concern...
-
Melvin Lyttle told John Montana and Paul Knight about a Trading Program that purportedly would buy and sell securities in deals that were fully insured, as well as monitored and controlled by the...
-
Doering Company, a U.S. corporation with customers in several foreign countries, had the following selected transactions for 2013 and 2014. 2013 Pesos (Mexico) ............ $0.1055 Yen (Japan)...
-
Lobbying Expenses. EarthFriendly, Inc., an IRC Sec. 501 (c) (3) organization, incurred lobbying expenses of $150,000 and exempt purpose expenditures of $1.2 million in carrying out its exempt...
-
Time :10.33 Bargain Shop's accounting records indicated the following information Inventory 1/1/2020 5620.000 Purchases during 2020 $1.200,000 Freight 590.000 Sales Curing 2020 51.350,000 A physical...
-
1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...
-
What is a lapsed life insurance policy? What are some possible causes of lapsing? Is a lapsed policy a problem or benefit to the insured? To the insurer?
-
Does the incontestable clause mean an insured always gets away with fraud against the insurer? Is the purpose of the incontestable clause to protect the insured from fraud? Does the incontestable...
-
What is the purpose of the control process?
-
The State of Confusion Legislature passes the following statute: "The State Health Commissioner, when in their opinion, there is sufficient covid - 1 9 vaccine that has been approved by the Federal...
-
Case 1 Baum Co. has two processing departments: Fabrication and Assembly. In the Fabrication Department, metal is cut and formed into various components, which are then transferred to Assembly. The...
-
Your earlier Personal Leadership Assessment, you looked at two areas of your leadership experience, those who led you and those you led. You will again address these two items in your Personal...
-
What is required in this situation: Content slides explaining the qualitative and quantitative steps necessary in conducting a sensitivity analysis. How can a project's risk be incorporated into a...
-
What is "marketing"? What is the difference between "marketing" and the "marketing process"?is it different in your home country vs. North america? Q2. What is the difference between "demand",...
-
On 1 September Year 1, a company paid 1,800 as an insurance premium to give accident cover for the 12 months ahead. The accounting year-end is 31 December. Required: Prepare an accounting equation...
-
An auto-parts manufacturer is considering establishing an engineering computing center. This center will be equipped with three engineering workstations each of which would cost $25,000 and have a...
-
Esparto Ltd (E) is a paper and cardboard manufacturing company whose year-end is 31 March 1989. The auditors are visiting the company early in January 1989 in order to plan their audit approach for...
-
The Section I property coverages provide different types of coverages to an insured. For each of the following coverages, briefly describe the type of coverage provided, and give an example of a loss...
-
a. Briefly describe the special limits of liability that apply to certain types of personal property. b. Why are these special limits used?
-
a. Coverage A and Coverage B under a Homeowners 3 policy insure the dwelling and other structures against "direct physical loss." Explain the meaning of this phrase. b. Coverage C under a Homeowners...
-
A family has a $117,443, 25-year mortgage at 5.4% compounded monthly. (A) Find the monthly payment and the total interest paid. (B) Suppose the family decides to add an extra $100 to its mortgage...
-
Comparing the actual and planned cost of a consulting engagement completed by an engineering firm such as Allied Engineering.
-
What is the NPV of a project that costs $34,000 today and is expected to generate annual cash inflows of $11,000 for the next 7 years, followed by a final inflow of $14,000 in year 8. Cost of capital...
Study smarter with the SolutionInn App