Business

Which of these describes the result of a modified endowment contract that failed to meet the seven-pay test? A. Withdrawals will be prohibited B. The premium payments will be tax deductible C. Policy loans are disallowed D. Pre-death distributions are typically taxable

Based on what you know about your and Aaron's financial situation , which of the following is most likely to be true? You and Aaron would have the same opportunity cost because you both have jobs. Aaron would have a higher opportunity cost than you if he chose to study nursing Aaron would have a lower opportunity cost than you if he chose to study nursing. You and Aaron would have the same opportunity cost because you're interested in the same degree.

Which of these are qualities that interviewers are looking for? (Select all that apply) Showcasing your potential to be successful in the role. Demonstrating confidence as you discuss different topics during the interview. Always answering a question even if you don't know the right answer. Demonstrating that you are a good culture fit for the company. Showing sincere passion about the type of work you will do and for the company.

Which is a likely result of a growing economy? (1 point) inflation increased unemployment recession limited trade

An example of intermediary fraud might be: A customer chooses not to disclose a serious health condition to the agent while answering health questions on a life application. An agent submits an application with fictitious customer information to the company. A policy owner's son calls into the service center and purports to be his father in order make changes to the policy. A customer chooses not disclose that they are a smoker, because they were attempting to obtain preferred rates.

Although US shareholders in a CFC need to pick up the GILTI what foreign effective tax rate means there will be no additional US federal income tax? 0% 21% 10.5%

Which of these best illustrates the importance of addressing the three questions of economics? People's desires and needs are always changing. Businesses need to use limited resources wisely. Traditional methods of production are outdated. Businesses need to limit production.

Viatical settlement brokers send packets of information to potential viatees. These information packets normally include existing policy terms and which of the following? A. Brochure describing the process of viatical settlements B. Proceeds of the settlement to be placed in a trust account C. Executed absolute assignment D. Viator's medical prognosis

Ashley obtains a credit card from First National Bank. What type of credit is First National Bank extending to Ashley via the credit card? Multiple Choice Provisional Secured Collateralized Unsecured

Which of the following is guaranteed under a variable whole life insurance policy? A. Stock performance B. Interest rates C. Cash value D. Minimum death benefit