What are accelerated benefits?
A) Health insurance benefits paid in advance to providers of health care services
B) Health benefits paid before the expenses are incurred
C) Life insurance cash values paid in a lump sum to the beneficiary
D) Life insurance death benefits paid before the death of an insured with a terminal illness"
Ans: D) Life insurance death benefits paid before the death of an insured with a terminal illness"
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What will be an ideal response?
A bond matures in 30 years, has a 20 year duration and a yield to maturity of 9.32%. The change in the level of the market interest rate is 0.47%. The modified duration is ________ and the percentage change in price is ________
A) 9.4 years; -.47% B) 14. years; 4.7% C) 18.29 years.; -8.6% D) 18.29 years.; 8.6%