answersLogoWhite

0

Life Insurance

User Avatar

Anya King

Lvl 10
2y ago
No Reviews
Leave the first rating

Rate this Study Guide:

Cards in this guide (21)
How many days do americans work in a year

The average for Americans who work a full time job has shifted slightly since 2002 when the average work hours hovered around 1836. In the years since the average of a US worker has dipped and rose several times and as of 2012 hovers around 1790 actual work hours a year per worker.

How many hours do you spend at work in a year

The average full-time working American works roughly 40 hours per week. This averages to be 2,080 hours per year. Part- time workers usually work 20 hours per week, which calculates to 1040 hours per year.

Which of these is the best description of a mill levy

An example of a mill levy would be that it represents the tax dollars for each $1,000 of the value of a property.

Which of these statements describes the elements of a traditional fee-for-service health insurance plan

It is usually the most expensive healthcare choice but offers the most flexibility.

Which of these is the best description of cash surrender value

the insurance company pays the insured the cash value that has accumulated in the policy.............

Does a higher education necessarily mean that you will get paid more money

No

What is used to reconcile a bank statement

Ending Balance: $676.23

Outstanding Deposits: $356.71

Outstanding Checks: $321.15

711.79

Which of these employees are eligible for overtime and holiday pay

hourly employees

What best describes the person who oversees the reading of your will and ensures your last wishes are followed

executor

Which of these does not describe a total consumption budget

it is designed to reach short-term goals

What does not belong in the miscellaneous category

Questions that can be categorized belong in the closest category for that subject. Other questions are harder to categorize and are in Miscellaneous until they are assigned a category.

What is the maximum contribution an employer may make to an individuals 401 k on an annual basis

49000

Which type of insurance contract requires a lump-sum or periodic payment in exchange for receiving periodic payments from the insurance company

Whole Life, Universal Life, as well as Annuities can be used for this purpose.

Is a good representation of what a typical worker in a particular group might make

8,000-10,000 a+ls users only

What is a number issued by the government through the Social Security department

Social security number

At What age can Americans begin receiving Social Security benefits

62

At what age can a person no longer contribute to a traditional IRA

[70] million years old

At what age can a person withdraw funds from their traditional IRA without a penalty

62 1/2

In which of the following are individuals guaranteed by an insurance company to earn a minimum interest rate on their investment

fixed annuity

When This is the monthly budget for the reed family. What percentage of expenses is spent on utilities

Divide the utility expense by the monthly budget. Multiply the result by 100.

V O I D

V O I D

Related study guides

Income Taxes

19 cards

Which term represents budget items that change in value from month to month

Which of these is the best description of fixed expenses

Which of these is the best description of a grant

Which tax withholding is required by the federal government

➡️
See all cards
No Reviews

Which term represents budget items that change in value from month to month

Which of these is the best description of a grant

Which tax withholding is required by the federal government

The Social Security tax is 6 2 percent and the Medicare tax is 1 45 percent of your annual income How much would you pay per year to FICA if your annual earnings were 47000

➡️
See all cards
No Reviews

Loans

21 cards

What gives a country a comparative advantage

What describes how a fixed-rate mortgage works

What is the purpose of a letter-writing campaign conducted by a group of consumers

What are you paying for when you lease a car

➡️
See all cards
5.0
1 Review

What is a health insurance deductible

Do planets change position during each season and when do they change for each season

What can you do in addition to cutting all unnecessary expenses to make sure your expenses don't exceed your income

What is the reason for putting yourself on a budget

➡️
See all cards
5.0
1 Review

Loans

23 cards

What is a health insurance deductible

What type of policy is a certainty that the insurance company will have to make payment

What kind of insurance provides replacement value for personal possessions

What can you do in addition to cutting all unnecessary expenses to make sure your expenses don't exceed your income

➡️
See all cards
No Reviews