How can an insured access all or a portion of a life insurance benefit to pay for a long-term illness or life-threatening disease?
A) Use the grace period provision
B) Purchase an accelerated benefit rider
C) Purchase an inflation protection option
D) Use the nonforfeiture option"
Ans: B) Purchase an accelerated benefit rider
Business
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Merchandise with a sales price of $1,800 is sold on account with terms 2/10, n/30. The journal entry to record the sale would include a
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As interest rates consistently decline over a specific period, the market price of a bond you own would likely ____ over this period. (Assume no major change in the bond's default risk.)
Fill in the blank(s) with the appropriate word(s).
Business