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I am as much unaware of the answer as any but I'll hazard this- They hide as much as possible in HIGHLY complex formulas and contractual fine-print. Regular folks are NOT intended to grasp the answers they are curious to know EVEN if they happen to be looking at it.
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What is a life insurance policy dividend?
It's a payment made to the policy owner by the mutual insurance company when there is a profit. The policyholders are the owners of a mutual life insurance company and they share in the profits by receiving dividend payments from the insurance company.
Are term life insurance companies profitable?
Term life insurance companies are very profitable. They make a profit since most people who purchase the insurance never need it, so they don't pay out nearly as much as they take in.
What does a life settlement broker do?
A Life Settlement broker buys life insurance policies from people who carry them but need immediate money. Their goal is to pay you less than the value of what they think your insurance policy will be when you pass away so they can make a profit.
What is Reversionary Bonus in Life Insurance?
Reversionary Bonus Means, Life insurance company will declare bonus every year fo the Traditional and Endownment policies. It based upon company profit by that particular type of products. And reversionary bonus wil increase gradually for every year.
What is prudential life insurance?
Prudential is itself a life insurance company. Therefore, Prudential life insurance is nothing but life insurance that is provided through this company.
How you can know about a corporation type?
Whether it is a profit or non-profit corporation can be ascertained from the company prospectus, its nature of activities,future plannings etc.
Under stock and debtors system branch profit is ascertained by opening?
branch P/L a/c
What is a life insurance policy dividend?
It's a payment made to the policy owner by the mutual insurance company when there is a profit. The policyholders are the owners of a mutual life insurance company and they share in the profits by receiving dividend payments from the insurance company.
Are term life insurance companies profitable?
Term life insurance companies are very profitable. They make a profit since most people who purchase the insurance never need it, so they don't pay out nearly as much as they take in.
What is Overhead and Profit?
The terms overhead and profit are used together by a business in reference to their profit and expenses. Insurance companies pay overhead and profit on property insurance claims.
What are the 7 principles in life insurance?
1. buy insurance 2. get into car accident 3.??? 4.profit 5.??? 6.buy more insurance 7.repeat above
What are reasons that one would buy Catholic life insurance?
There are some reasons why one would buy Catholic life insurance. The Catholic life insurance company is a non-profit company that returns its profits to members and the surrounding community through community service projects.
Do non-profit Ceo's need key man life insurance?
Need is a strong word - there's no law requiring people to have life policies. However, if you are a CEO of a non-profit and there would be undue stress on the organization if you were to die, then yes, the organization should probably take out some insurance on you.
what is and overhead?
The terms overhead and profit are used together by a business in reference to their profit and expenses. Insurance companies pay overhead and profit on property insurance claims.
What does a life settlement broker do?
A Life Settlement broker buys life insurance policies from people who carry them but need immediate money. Their goal is to pay you less than the value of what they think your insurance policy will be when you pass away so they can make a profit.
Are life insurance payments reported on the balance sheet?
Cash value would be. Premiums would be on the Profit and Loss - Income Statement.
Is ascertained a verb?
Yes. Ascertained is a past action verb.
