Which of the Following Statements About a Typical Accidental Death

question 5

Multiple Choice

Which of the following statements about a typical accidental death benefit rider is (are) true?
I.Accidental injury must be the cause of death for the increased benefit to be paid.
II.The accidental death must occur prior to some specified age for the increased benefit to be paid.

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

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Definitions:

Selling Expenses

Costs incurred directly and indirectly from selling a product or service, including sales commissions, advertising, promotional materials, and the salaries of sales staff.

Budgeted Net Income

The estimated net income a company expects to earn over a specific period, as outlined in its budget.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, often used to assess whether a company has sufficient cash to fulfill its operations and obligations.

Budgeted Disbursements

Planned cash outflows for a specific period, including expenses, investments, and other payments.