Recent Posts • Latest Topics • Unanswered Questions

Kayla buys a whole life policy when she is 40 and pays premiums on it until she is 60. She decides ...

keyone

wrote...

Go to Answer

Posts: 991

Rep:

7 years ago

Kayla buys a whole life policy when she is 40 and pays premiums on it until she is 60. She decides ...

Kayla buys a whole life policy when she is 40 and pays premiums on it until she is 60. She decides to retire at 60, has no dependents and no debts, and realizes she really doesn't need the death protection any longer. She is now concerned about generating a lifetime income during her retirement. What option does a whole life policy typically offer that could best help her with this financial need?
A) Forfeiture of coverage provision (she can surrender the policy and take the cash)
B) Paid up whole life option (use the cash value to buy a paid-up whole life with a lower face value)
C) Annuity conversion option (buy an annuity from the insurer with her cash value)
D) None of the above

Textbook

Introduction to Risk Management and Insurance

Edition: 10^th

Authors: Dorfman, Cather

Read 72 times

1 Reply

Report

Replies

Answer verified by a subject expert

giddu

wrote...

Posts: 432

Rep:

7 years ago

More solutions for this book are available here

Report

Related Topics

keyone Author

wrote...

7 years ago

This helped my grade so much Perfect

Holly72492

wrote...

Yesterday

This calls for a celebration Person Raising Both Hands in Celebration

KaylenePig

wrote...

2 hours ago

Thanks

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1175 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

400

303

682

Your Opinion

Previous poll results: Who will win the 2024 president election?

Strange Ingredients Lurking in Doritos Chips

Courses by Biology Forums

It's sore throat season, why does my mucus have red spots?

Bonobos, Chimpanzees, and the 98% DNA Link

The Toxic Skin and Fungi Defense

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.