0
What is the benefit of choosing extended term as a nonforfeiture option?
Wiki User
∙ 11y ago
it has the nighest amount
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
Benefit of choosing Extended Term Insurance as a nonforfeiture option?
It has the highest amount of Insurance Protection; Under this option the insurer uses the policy cash value to convert to term insurance for the same face amount as the former permanent policy. The duration of the new term coverage lasts for as long a period as the amount of cash value will purchase.
When a reduced-paid up nonforfeiture option is chosen what happens to the face amount of the policy?
IT IS REDUCED TO THE AMOUNT OF WHAT THE CASH VALUE WOULD BUY AS A SINGLE PREMIUM
Why is it important to understand fees and restrictions before choosing a savings option?
I don’t know
What is the main benefit of an Option One Mortgage?
Option One Mortgages were introduced in the United States after a law suit in 2008 to assist borrowers who were subjected to a predatory and discriminatory lending system. The main benefit provides loan modification relief to help people to remain in their homes.
What are the advantages to choosing a life annuity as a pension payout option over rolling over the money to an IRA and withdrawing monthly from the principal the same amount as the annuity pays?
The question you have to ask yourself is where is the money going to come from if the IRA principal balance goes to zero. If you purchase an income rider on a variable annuity you can secure growth and income guarantees on the benefit base from which you will be drawing your future income.
Benefit of choosing Extended Term Insurance as a nonforfeiture option?
It has the highest amount of Insurance Protection; Under this option the insurer uses the policy cash value to convert to term insurance for the same face amount as the former permanent policy. The duration of the new term coverage lasts for as long a period as the amount of cash value will purchase.
What nonforfeiture option has the highest amount of insurance protection?
Reduced paid up
When a reduced-paid up nonforfeiture option is chosen what happens to the face amount of the policy?
IT IS REDUCED TO THE AMOUNT OF WHAT THE CASH VALUE WOULD BUY AS A SINGLE PREMIUM
What Technical System Option?
choosing technical system option
Act of choosing or deciding?
voting
Under which nonforfeiture option does the company pay the surrender value and have no further obligations to the policy owner?
The company pays the surrender value and have no further obligations to the policy owner under Cash surrender
What is the correct order of steps to show how a cost-benefit analysis is done?
Be presented with a decision. List the costs of the decision. Figure out all of the benefits of the decision. Compare costs and benefits to see which is bigger. OR Come up with an option. Determine the costs of the decision. Calculate the amount of benefit that would be gotten from choosing the option. See if the benefits outweigh the costs to make a decision.
What is Technical system options?
choosing technical system option
Which of the following statements accurately describes how costs and benefits are calculated?
Calculations of cost and benefit are based on personal preferences (apex)It is simply the cost is taken away from the benefits. However working out these are much harder as not choosing one option adds a cost to the other ones while not choosing one of the others effects every other option and so forth.calulation of cost and benefits are based on personal perferences
What are the limitations of choosing a cheaper option?
Not reliableShort life spanPoor quality
What is lost by choosing one option instead of another?
Oppertunity cost.
Which configuration option would you use to update the OS list the reason for choosing a particular option?
Which configuration option would you use to update the OS
