Question

what type of annuity is a person with Life, Health and disability income insurance license not...

what type of annuity is a person with Life, Health and disability income insurance license not allowed sell to their clients?
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

A general lines life, health and HMO license is required for any entity, they received commission and involved with insurance on human lives with Annuttity and benefits. If a person with life, health and disability income has sell the insurance license to their Clint that's wrong. Because every one is not die without the permission of God, someone do suside and lost their life so life insurance license is not give to the license to him. Sone people fraud from the company from the health insurance his health is good then he is taking money with health insurance license and that's illegal. And some people has in very good conditions then they make drama to make disability and giving money from company . And there have many reasons to insurance license is not allowed sell to their clint . Because they use in wrong way that's wrong .

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
All of the following statements concerning disability income insurance are correct EXCEPT: Group of answer choices...
All of the following statements concerning disability income insurance are correct EXCEPT: Group of answer choices Premiums for disability income insurance coverage are a function of the insured's health, gender, age, and the level of income benefits provided by the policy. To qualify for disability income, one must become totally disabled while the policy is in force and remain so until the elimination (exclusion) period has ended. A policy that integrates with Social Security will reduce payable benefits by the...
Suppose a 65-year-old person wants to purchase an annuity from an insurance company that would pay...
Suppose a 65-year-old person wants to purchase an annuity from an insurance company that would pay $20,900 per year until the end of that person’s life. The insurance company expects this person to live for 15 more years and would be willing to pay 5 percent on the annuity. How much should the insurance company ask this person to pay for the annuity? b. A second 65-year-old person wants the same $20,900 annuity, but this person is healthier and is...
Courtney purchased disability and accident insurance in 2019. In April of 2020, she broke her wrist...
Courtney purchased disability and accident insurance in 2019. In April of 2020, she broke her wrist in a mountain biking accident and could not work for two weeks. Courtney’s doctor bills totaled $2,000, of which $1,600 was reimbursed by her health insurance purchased by her employer. In addition, Courtney received $600 for lost wages due to the accident from a disability insurance policy in which she pays the premium. She also received $400 for lost wages due to the accident...
B1. Should purchasers of single-premium immediate annuities receive the same annuity income regardless of their health?...
B1. Should purchasers of single-premium immediate annuities receive the same annuity income regardless of their health? If an insurer decided to differentiate payments on the basis of health status, would healthier individuals receive more or less monthly income than unhealthy persons? Why? Do you think there would be a market for this type of annuity product? Why or why not? B2. In your opinion, are annuities more like insurance or investments? Discuss the arguments that could be used to support...
Fund life & health insurance Explain carefully why this statement is true Since life insurance is...
Fund life & health insurance Explain carefully why this statement is true Since life insurance is a long-term product, it is essential for life insurer to generate quality investment.
Suppose an insurance company sells a disability income insurance policy that will pay the policy holder...
Suppose an insurance company sells a disability income insurance policy that will pay the policy holder $100,000 in the event that he must quit his job due to a serious illness. Policy holders pay $200 to purchase the policy. Previous data shows that the probability that a policy holder will have to quit his job due to a serious illness is 1 out of 750. a) Should the insurance company expect to make a profit off the sale of this...
Larry purchased an annuity from an insurance company that promises to pay him $6,000 per month...
Larry purchased an annuity from an insurance company that promises to pay him $6,000 per month for the rest of his life. Larry paid $630,720 for the annuity. Larry is in good health, and he is 72 years old. Larry received the first annuity payment of $6,000 this month.How much of the first payment should Larry include in gross income?If Larry lives more than 15 years after purchasing the annuity, how much of each additional payment should he include in...
Larry purchased an annuity from an insurance company that promises to pay him $1,500 per month...
Larry purchased an annuity from an insurance company that promises to pay him $1,500 per month for the rest of his life. Larry paid $165,564 for the annuity. Larry is in good health, and he is 72 years old. Larry received the first annuity payment of $1,500 this month. Use the expected number of payments in Exhibit 5-1 for this problem. How much of the first payment should Larry include in gross income?
What is the purpose of Disability Insurance? Explain the difference between the waiting period and the...
What is the purpose of Disability Insurance? Explain the difference between the waiting period and the benefit period.
Fund life & health insurance Explain why this sentence is false. Stock insurance companies are limited...
Fund life & health insurance Explain why this sentence is false. Stock insurance companies are limited liability corporation whereas the metal insurance companies are not.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT