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?

(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?

(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

Mm dividend irrelevance theory, MM Dividend Irrelevance Theory Such wa...

MM Dividend Irrelevance Theory Such was advanced via Modigliani and Miller in 1961. The theory asserts to a firm's dividend policy has no effect on cost of capital and on its

Shareholders expectation and growth stage, Shareholders Expectation and Gro...

Shareholders Expectation and Growth Stage Growth Stage Dividend policy is likely to be influenced with firm's growth stage as like a young rapidly growing firm is probabl

Explain credit risk and counterparty risk, Your boss has worked in banking ...

Your boss has worked in banking for many years, and has specialised during his career in lending to large and medium-sized companies. He must attend a meeting in a few days' time t

What are the financial fluctuations, What are the financial fluctuations? ...

What are the financial fluctuations? Financial Fluctuations: a. Financial market fluctuations can be a basis of macroeconomic instability. b. Are markets irrational? c

Calculate operating leverage of tax rate, A firm has sales of Rs. 10,00,000...

A firm has sales of Rs. 10,00,000. Variable cost is 70%, total cost is Rs.9,00,000 and Debt of Rs. 5,00,000 at 10% rate of interest. If tax rate is 40% calculate:

Finance applicatios and theory, Zoeckler Mowing & Landscaping''s year-end 2...

Zoeckler Mowing & Landscaping''s year-end 2012 balance sheet lists current assets of $436,500, fixed assets of $551,500, current liabilities of $417,900, and long-term debt of $317

Accounting rate of return method or arr, Accounting Rate of Return Method o...

Accounting Rate of Return Method or ARR This method utilizes accounting profits from financial status to assess the viability of investment proposal via diving the average inc

The equity discount rate , Assume IBM pays out all earnings as dividends. ...

Assume IBM pays out all earnings as dividends. Today is t = 0 and IBM just paid a $2 dividend on $2 of earnings. The market expects dividends will grow each year by 5% until t = 4

After tax return, Bill Smith, a manager of a restaurant/bar in Los Angele, ...

Bill Smith, a manager of a restaurant/bar in Los Angele, is in the 25% marginal tax bracket and pays additional 5% in taxes to the state of California. Bill has 20,000 invested in

Primary markets - financial markets, Primary Markets - Financial Markets ...

Primary Markets - Financial Markets These are markets such deal along with securities that have been issued for the first moment. The money flows directly from transferor or t

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages