Week One Assignment 1 Sametta Rose- Pollydore FIN 334 April 9, 2016
Instructor McAndrew
Week One Assignment 1
A. Sonja fails to pay the second annual premium due on January 1. She dies 15 days later. When it comes to the premium which is the ordinary life insurance, the beneficiary will receive the proceeds of that policy because there is a grace period of 31 days to pay the overdue premium and by Sonja’s death occurring within that time frame of the grace period the beneficiary has the right to receive the proceeds from
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She is uninsurable but would like to obtain additional life insurance. In this particular situation Sonja has already attached the guaranteed purchase option to her ordinary life insurance so; therefore she doesn’t have to worry about not being insured. She also can obtain additional life insurance because she will not need to show evidence of insurability. (Rejda, George, McNamara, 2014).
E. Sonja is seriously injured in an auto accident. After six months, she is still unable to return to work. She has no income from her job, and the insurance premium payments are financially burdensome. In this case Sonja has an ordinary life insurance with the waiver-of-premium attached so after six months all premiums would be waived if Sonja is totally disabled. Under some policies, a retroactive refund of the premium paid during the first six months would be paid. (Rejda, George, McNamara, 2014).
F. Sonja has a mentally disabled son. She wants to make certain that her son will have a continuous income after her death. In this particular situation I would say to have a Trust as well as a Will. Having a Will can specifically state exactly what the decease last wishes were and by having a Trust with someone assigned to the Trust or a guardian on the Will, will make everything crystal clear with no hassles on what the last demands were. Another way is to use the fixed amount or fixed period option which
By completing the interest survey, I felt in the position of a student: to have to think on unusual things and understand that they are part of who I am. I realized that I could know a bit more about me. I learned about my favorite food and my favorite singer, which are different from 10 years ago.
(b) If Silverline are found to be negligent, for what losses would Emma be able to claim
After reviewing the discussion of genre in Chapter 8 of Film: From Watching to Seeing, demonstrate your understanding of one selected genre using a feature-length film.
For this assignment, I will use the websites, lab and materials from this week and complete an internet search of my own on chromosomes. I will write a two- page essay that explains how conditions caused by extra or missing chromosomes reflect a meiotic error. I will also choose two conditions or diseases to review. Also, distinguish among the modes of inheritance.
| Re-imbursement for the insurance. If the paper work is not right it will affect billing and can create major problems.
I had an intuition that the managers and leaders would score higher than other employees. Three leaders were assessed within our department and their scoring ranged from 99-112. There was an outlier score of 115 from an executive assistant and wondered if they really felt the way they answered or wanted to score better? However, after I thought about it, she is an executive assistant to the Chief Medical Officer who is now an Executive Vice President so she may have a very knowledgeable understanding of our strategic mission. Four employees scored 67-91, who are lower level status employees. According to ISO (n.d.) organizations need to encourage and involve employees because they are a critical to producing and providing value. I believe
In monitoring my behavior, I will buy a calendar and a journal and write an X on everyday of the calendar in which I accomplished my scheduled time of sleep. In the journal, I will record what I did wrong on the days I didn’t accomplish the task of sleeping at the scheduled time. I will buy the calendar this weekend and I already have a journal. I will begin this plan at the same time I begin having a timer for my scheduled bed time which is on July 17th. A reward for this intention will be a record of all the calendars I’ve used in reaching this goal, it’ll show how far I’ve come.
(Refer to the Personal Learning Profile you developed for your Week Two assignment and any feedback provided by your instructor to determine if you need to refine your responses as you complete this section.)
Using the earnings multiple approach would result in the following life insurance calculations for Cory and Tisha.
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Effective November 15, 1998, Dr. Griffith purchased an “American Medical Association–Sponsored Group Level Term Life Insurance Policy,” Certificate Number 9500108167, which was underwritten by U.S. Life. The Policy was for a 10–year term. Dr. Griffith was the owner of the Policy and was the named insured. Ms. Wilson was the primary beneficiary. Under the Policy, if Dr. Griffith died “while this [life] insurance is in force,” then, upon presentation of proof of his death to U.S. Life, U.S. Life would pay the beneficiary the scheduled benefit. The scheduled benefit for death was $400,000, with an additional accidental death benefit of $250,000.
When an individual becomes a survivor they tend to have several questions surrounding their benefits. There are several different scenarios that can occur. Most recently, we had an individual that’s deceased spouse was on LTD. While on LTD the pensioner is eligible to receive 100% of the State Share, however, once he deceased the survivor’s benefits are then calculated based on years of service and date of hire. It was extremely important to reiterate this information to the survivor, so that they understand the significant difference in cost. In this case the survivor was not entitled to any of the State Share, since her spouse was hired in 2007 and only had worked 10 years, changing the cost of her insurance exponentially. However, had
In addition, a grace period serves as a temporary buffer against termination. The policyholder is able to make a premium payment without coverage lapsing during the grace period, which is typically thirty days from the previous premium due dates. One key aspect of nonforfeiture
Summing up the common law test Anne has a contract for service, which makes her an independent contractor. Anne Parish had signed a contract for employment with Ace Insurance Company which
Life insurance used to be rather straightforward, known for offering security to loved ones in a tough time. So when Irma Johnson learned that her husband, Daniel, who died of brain cancer, had been insured for $1.5 million, it should have been at least a small comfort. But she did not receive the money. His employer did. It's one of the strangest free-market perversions that Michael Moore highlights in his latest film, "Capitalism: A Love Story." In the corporate practice dubbed "Dead Peasants" life insurance, companies wager on employees' lives, expecting to make money when they die. And it's pervasive, said Mike Myers, an attorney who has uncovered many of these cases and helped angry relatives sue. "Life insurance is traditionally used to guard against the death of breadwinners. This is an investment scheme," he said. Dozens of blue chip companies have these policies, according to Myers. But only banks are forced to reveal them, and several have billions of dollars worth of policies. "The driving force behind it is the tax deductions," he said. The life insurance policies were designed to allow companies to insure a few crucial executives. Savvy companies then realized they could also get a tax break by insuring many lower-level employees. The financial scheme doesn't actually cost the employees anything, except, some say, their trust. Betina Tillman felt shocked and deceived when a reporter from The Wall Street Journal told her that