FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the primary purpose of a life insurance? What things cause life insurance to be more expensive for some people, or cause them not

What is the primary purpose of a life insurance? What things cause life insurance to be more expensive for some people, or cause them not to be able to be insured at all? What lifestyle changes might individuals make to increase their insurability and lower their premiums? Please at least 300 words.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance and Public Policy

Public Finance and Public Policy

Authors: Jonathan Gruber

4th edition

1429278455, 978-1429278454

More Books

Students also viewed these Finance questions

Question

★★★★★
How is the economic environment likely to change in the future? Give one example and relate its significance for multinationals.

Answered: 1 week ago

Question

★★★★★
A satellite follows the elliptical orbit shown in FIGURE P12.77. The only force on the satellite is the gravitational attraction of the planet. The satellites speed at point a is 8000 m/s. a. Does...

Answered: 1 week ago

Question

★★★★★
9. The head of a public interest group observed in 2011 that a lengthy pay freeze, increased employee pension contributions, limited bonuses for outstanding employees, and a hiring freeze will...

Answered: 1 week ago

Question

★★★★★
This information is available for PepsiCo, Inc. for 2007, 2008, and 2009. InstructionsCalculate the inventory turnover ratio , days in inventory, and gross profit rate for PepsiCo., Inc. for 2007,...

Answered: 1 week ago

Question

★★★★★
What is the primary purpose of a life insurance? What things cause life insurance to be more expensive for some people, or cause them not to be able to be insured at all? What lifestyle changes might...

Answered: 1 week ago

Question

★★★★★
Wyckam Manufacturing Incorporated provided the following cost formulas for its manufacturing costs: \ table [ [ , \ table [ [ Fixed ] , [ Cost per ] , [ Month ] ] , \ table [ [ Cost per ] , [ Machine...

Answered: 1 week ago

Question

★★★★★
At the beginning of 2020, Subsidiary S issued $100,000 of 10 percent, 10-year bonds at $98,000. Two years later, at the beginning of 2022, the Parent P acquired S's bonds from outsider bondholders...

Answered: 1 week ago

Question

★★★★★
Miller Company reported the following information in its 2017 financial statements ($ in millions): 2017 2016 Balance Sheet: Accounts receivable, net $ 2,448.4 $1,825.6 Income statement: Sales...

Answered: 1 week ago

Question

★★★★★
Moss Co. issued $330,000 of four-year, 13% bonds, with interest payable semiannually, at a market (effective) interest rate of 11%. Determine the present value of the bonds payable, using the present...

Answered: 1 week ago

Question

★★★★★
Work-in-Process Inventory for Carston Incorporated at the beginning of the year was a single job, Job T114: Job # Direct Materials Direct Labor Overhead T114 $32,500 $ 16,750 $29,250 The company's...

Answered: 1 week ago

Question

★★★★★
Beginning and ending Cash account balances of Firefly, Inc. were $57,000 and 24,000, respectively. If total cash received during the period was $111,000, what amount of cash was paid out during the...

Answered: 1 week ago

Question

★★★★★
=+ e. What must the saving rate be to reach the Golden Rule steady state?

Answered: 1 week ago

Question

★★★★★
=+ d. What will the capitaloutput ratio be at the Golden Rule steady state? (Hint: For the CobbDouglas production function, the capitaloutput ratio is related to the marginal product of capital.)

Answered: 1 week ago

Question

★★★★★
=+c. Suppose that public policy raises the saving rate so that the economy reaches the Golden Rule level of capital. What will the marginal product of capital be at the Golden Rule steady state?

Answered: 1 week ago

Previous Question Next Question