Ask Question
BusinessBusiness
13 June, 21:34

Kiara filled out a life insurance application and was given a policy illustration that showed future premiums being paid out of nonguaranteed values. This illustration must disclose that

+3
Answers (1)
  1. 14 June, 00:03
    0
    Answer: The illustration must show that the policy owner (Kiara) may need to resume paying the premium payments depending on actual results.

    The policy owner will need to determine if this is the right policy for her and her family. The illustration should be truthful about how the policy will perform for the buyers lifetime. The illustration should also show the financial projections for each year so the buyer can determine if the plan fits their budget.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Kiara filled out a life insurance application and was given a policy illustration that showed future premiums being paid out of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Tonya had the following items for last year: Salary $40,000 Short-term capital gain 12,000 Nonbusiness bad debt (23,000) Long-term capital gain 8,000 For the current year, Tonya had the following items: Salary $45,000 Long-term capital gain 5,000
Answers (1)
During 2014, Lopez Corporation disposed of Pine Division, a major component of its business. Lopez realized a gain of $2,400,000, net of taxes, on the sale of Pine's assets. Pine's operating losses, net of taxes, were $2,800,000 in 2014.
Answers (1)
Which of the following would be entitled to unemployment compensation? a. Jan, who quit her job to attend school full time. b. Jack, who was fired for being tardy for work too often. c. Alfred, who quit to care for his newborn son. d.
Answers (1)
Reynold's grocery has fixed costs of $251,000, the unit selling price is $22, and the unit variable costs are $21. what is the break-even sales (units) if the variable costs are decreased by $5? a. 251,000 units b. 11,952 units c. 15,688 units d.
Answers (1)
What was one reason that businesses moved to the South?
Answers (1)
New Questions in Business
On january 1, applied technologies corporation (atc) issued $510,000 in bonds that mature in 10 years. the bonds have a stated interest rate of 8 percent. when the bonds were issued, the market interest rate was 8 percent.
Answers (1)
What is strategy implementation what questions must strategy makers consider to begin the imlimentation process?
Answers (1)
Suppose that due to a poor economy, 1 million workers lost their jobs, causing the unemployment rate to increase to 10%. After a few months of searching, 300,000 of these unemployed workers give up looking for work.
Answers (1)
Which of the following statements is true about skill-based pay? A. Skill-based pay provides a way to ensure that employees can use their new skills. B. Gathering market data about skill-based pay is easy. C.
Answers (1)
What does SMART stand for in terms of Business Aims and objectives
Answers (1)
Home » Business » Kiara filled out a life insurance application and was given a policy illustration that showed future premiums being paid out of nonguaranteed values. This illustration must disclose that
Sign Up Forgot Password?