What do you meant by the term life insurance contract, Finance Basics

Assignment Help:

Question 1:

(a) What do you meant by the term ‘Life Insurance Contract'?

(b) Many people prefer to choose Single life policies compared to Joint life policies. Why is this so?

(c) List and describe any four different types of Life Insurance products.

(d) What are the steps a life insurance buyer normally undertakes before buying a policy?

Question 2:

(a) State the two main types of bonuses?

(b) What is the difference between a Without-profit policy and a With-profit policy?

(c) (i) Why the fair treatment of with-profits policyholders and shareholders has become an important issue?

(ii) State the four aspects identified by the Insurance Companies Regulation in which insurance companies are giving rise to unfairness issues?

(d) Briefly explain how surpluses are being calculated.


Related Discussions:- What do you meant by the term life insurance contract

Management money, where can I get money and how can I manage it

where can I get money and how can I manage it

The lcm rule, Require  the relevant authoritative literature on the lower- ...

Require  the relevant authoritative literature on the lower- of- cost- or- market rule for valuing inventory using the FASB's Codification Research System. Clarify the circumstance

Computer the fair value of the stock, Future Ltd is a leading music enterta...

Future Ltd is a leading music entertainment company in the country and the stocks of the company are actively traded in the stock exchange. For the year just ended few days back,

Type of partners, Type of Partners 1) Active Partner 2) Sleeping Par...

Type of Partners 1) Active Partner 2) Sleeping Partner 3) Quasi or Nominal Partner 4) Minor Partner 5) Major Partner 6) In-coming Partner 7) Out-going Partner

Calculate the npv-irr and mirr, Task: Decide upon 2 mutual exclusi...

Task: Decide upon 2 mutual exclusive projects. Calculate the income statement, balance sheet, and statement of cash flows for all year Calculate the NPV, IRR, and

Find out weighted average cost of capital, Mermaid Coffee Corporation (MCC)...

Mermaid Coffee Corporation (MCC) has 1,000,000 shares of stock currently trading at $42 per share. The company has issued 20,000 bonds, each with market value $928.59 and yield to

Public limited companies, Public Limited Companies These are joint sto...

Public Limited Companies These are joint stock companies that have sold shares to specific public and thus have attracted public money in form of share capital.  Those compani

Calculate the lump sum, Your daughter is a beginning freshman in high schoo...

Your daughter is a beginning freshman in high school. By the time she enters her freshman year in college, you would like to have savings accumulated to pay her tuition for her nex

The case of Apple, From the above case shareholders are very worried that a...

From the above case shareholders are very worried that apple is having too much cash,discuss six reasons why shareholders are so worried

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd