Which of the Following Statements About Life Income Settlement Options

question 3

Multiple Choice

Which of the following statements about life income settlement options is (are) true?
I.Under a joint-and-survivor life income option,payments cease at the death of the first annuitant.
II.Under a life income with period certain,a contingent beneficiary is guaranteed a minimum number of payments regardless of when the primary beneficiary dies.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

Estimate the total fixed manufacturing cost using given data.

Estimate the company's contribution margin.

Understand how to separate mixed costs into their fixed and variable components.

Project future costs or expenses based on given data.

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Definitions:

WARN Act

The Worker Adjustment and Retraining Notification Act that requires employers to provide notice in advance of certain plant closings and mass layoffs.

Employee Leasing

A staffing arrangement where a leasing firm hires and manages employees, then contracts them out to work for another company, effectively outsourcing the HR functions.

Voluntary Early Retirement

A program offered by employers allowing employees to retire earlier than the traditional retirement age, often with full or partial benefits.

Stock Options

Financial incentives given to employees, granting them the right to buy the company's stock at a set price within a certain period.