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Insurance

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Pansy O'Hara

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Cards in this guide (16)
Which type of insurance is sometimes used to guarantee the payment of a mortgage in case the insured dies

decreasing term insurance...

How much money is taken in federal taxes for every thousand you make

Your employer would be able to give you the percentage amount that would be withheld from your pay for the total of all taxes on the 1000 amount.

Social security, medicare, federal income taxes, state income taxes, local income taxes, etc.

The face value of which type of insurance is reduced over the life of the policy

decreasing term insurance

Which of these is an element of limited payment life insurance

this life insurance policy has premium payment for a set number or years....

What can be added to an insurance policy to allow the insured to receive a higher benefit

double indemnity.

-Chrly

What is usually true of business schools

They are accredited by state higher education boards.

Which type of insurance coverage allows the insured to purchase more insurance after a specified period of time

term insurance

Who receives the benefits or money from a life insurance policy upon the death of the insured

The beneficiary designated on the policy application is the recipient. Usually, a secondary ("contingent") beneficiary is also named in the event that the primary beneficiary dies before the insured.

The estate of the deceased can also be the beneficiary if it is named as such or if there are no named beneficiaries or if all of them die before the insured. In that event, the insurance proceeds become a part of the estate and are distributed according to the insured's Last Will and Testament. If the insured dies without a Will, the estate, including the insurance proceeds, pass according to state law according to the laws of intestate succession.

Which of these is an element of whole life insurance

under this type of policy, the insured pays premiums for his or her entire life :)

thankkk emery.s (;

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.............

Which type of insurance will pay for the loss of the insured's leg or arm

Accidental Death or Dismemberment

did you know people eat toilet paper in prison so they wont starve..........

Is salary an example of earned income

Yes.

Which of these statements is true to an annuity

There are three types annuities including fixed, indexed, and variable.

Which type of tax is collected by a mediating agent and then forwarded to the government

indirect tax

Which one of these is not an example of an employees withholdings

Investment Earnings

Variable Annuity Calculator

Variable Annuity Calculator

Contributing to a Variable Annuity creates long term tax-deferred growth. Use this calculator to see how a Variable Annuity might fit into your retirement plan.

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