Identify which one of the following type of life insurance provides a source of regular income to the assured or to his/her dependents after the expiry of a specified period? a. With profit policy b. Term life policy c. Annuity d. Whole life policy

Q: Identify how life insurance fund appears in the financial statements? a. The debit side of the…

A: Life Insurance Fund- It is a fund which helps the entity in making payment for its obligation which…

Q: Group of answer choices a. type of care

A: Grooming/personal hygiene, clothing, toileting/continence, transferring/ambulating, and eating are…

Q: Insurance of last year in adjustment where to adjust that insurance?

A: Adjusting Entry – Adjusting Entries are the entries that make the accrual principle work for the…

Q: TRUE OR FALSE: A Registered Retirement Savings Plan is considered to be a spousal Registered…

A: FALSE Because The key difference between a spousal RRSP and a personal RRSP is that with a spousal…

Q: STEP 1 Retirement plan: Retirement plan is defined as the process in which each individual…

A: Qualified retirement plan: It is a retirement plan recognized by IRS. The amount contributed to the…

Q: tax applicable to Life Insurance Premiums.

A: Life Insurance Premium: Life insurance premiums are amount we have to pay for availing the life…

Q: Amounts receivable by the estate of the deceased, his executor or administrator as an insurance…

A: Under section 85(E) of the national internal revenue code, insurance shall be computation of the…

Q: How much life insurance does an individual need?

A: Meaning of life insurance:life insurance is nothing but a contract between insurance company and…

Q: What type of life insurance is the most appropriate when purchasing life insurance today? Explain

A: In life insurance is protection against death of persons for family behind So this is very important…

Q: What is a remainderman? A beneficiary that receives the principal left in an estate or trust after…

A: Charitable remainder trust:   In charitable remainder trust, all the income of the estate is given…

Q: Which of the following earns a fixed rate of return? Whole life insurance. Term-life insurance.…

A: There are two main types of life insurance:- Term life insurance and whole life insurance. Term life…

Q: Why does group life insurance use a formula to determine the amount of insurance per employee?

A: Group term life insurance: Group term life insurance refers to a type of term insurance in which one…

Q: An annuity that is established with a lump sum for the purpose of providing the investor with…

A: The term annuity refers to the stream of income received in periodic installments or the payments…

Q: A term life insurance offers both insurance coverage and a savings feature. The premiums associated…

A: Term life insurance is type of insurance that guarantees the death benefit, if the person dies…

Q: Which of the following statements concerning contributions to traditional IRAS is correct? (A)…

A: Traditional IRA: Individual retirement accounts, often known as traditional IRAs, enable people to…

Q: Which type of life insurance allows for the owner to choose their investment accounts? Term life…

A: Life insurance is the contract between the policyholder and insurance company where the insurance…

Q: After the expiry of the policy period On the death of the insured or on the expiry of policy period…

A: Insurance means where insurance company agree to pay the specified amount to insured person in case…

Q: Which of the following are qualified medical expenses for purposes of itemized deductions?…

A:

Q: he proceeds received under a life insurance endowment contract is not considered part of gross…

A: Solution Concept There are certain exemptions laid down by the BIR with respect to the inclusion of…

Q: The policy holder who receives the coverage is called O a. Premium O b. Insured O. Face value O d.…

A: Insurance is a term used for the security provided in monetary terms by an insurance company to a…

Q: hange in the benefit plan assets?   a.contributions from the employer. b.actual/expected return on…

A: Employees with defined benefit plans receive a fixed, predetermined benefit when they retire. The…

Q: Give two reasons why an individual in their 20s would need life insurance. Explain

A: Protesting the life from the risk of uncertainty, people generally take life insurance policy. Where…

Q: What is a contractual adjustment? How does a health care organization account for a contractual…

A:

Q: Describe the Investments in Life Insurance Policies.

A: Life Insurance policies are to provide financial support to the beneficiaries and dependents after…

Q: haracterize potential sources of income available for retirement years by addressing the following:…

A: Saving for retirement: Some governments provide schemes that allow working people to save for their…

Q: 13. Life insurance is necessary because it can provide (among other things) the benefits. Which of…

A: A policyholder must pay a single payment up front or regular premiums over time in order for their…

Q: dissimilar to the other three options? d. Motor insurance b. Personal property insurance С. Life…

A: The answer for the multiple choice question and relevant explanation are presented hereunder :

Q: An application for an individual Disability Income policy may require all of he following…

A: Disability income policy is an insurance policy which protects the insured against loss of monthly…

Q: The process that determines the present value of a single payment or stream of payments to be…

A: By computing the present value of payment received in the future we know about the time value of…

Q: eived. a. amount charged

A: UCR costs are the rates that are usually levied or prevalent for health services in a certain…

Q: 12. Below are the features of the insurance policy under what types of life insurance? * Low initial…

A: Term Life Insurance is type of insurance where the insured pays predetermined amount of sum to the…

Q: What were your feelings about your need for life insurance before you read this chapter? What are…

A: Insurance is a means of mitigating risk. When you buy insurance, you are purchasing protection…

Q: Based upon this information, how would I make the following journal entries? Record annual pension…

A: Record of above journal entry with all necessary workings are as follows.

Q: Examples of benefits include all of the following, EXCEPT: a) retirement benefits. b) paid vacation.…

A: Benefit: Reward-driven behavior is the result of having an outwardly focused incentive. It may be…

Q: Compare and contrast the early historical accounting for postretirement health care and life…

A: Historical cost accounting is an important technique that records assets on a statement of financial…

Q: When MUST the Policy Summary for a life insurance policy be delivered? Prior to the sales…

A: Life insurance is a type of insurance which provides assurance to a insured person to provide…

Q: Examples of health insurance offsets include all of the following, EXCEPT: a) Co-pays b)…

A: The question is based on the concept of health insurance and cover under the health policy.

Q: Which type of life insurance allows for flexible premium payments? Term life insurance Universal…

A: Flexible premiums ensure adjustments in the premiums which are beneficial for the insurance policy…

Electronic Health Records, HIPAA, and HITECH

Electronic health records mean maintaining patients’ medical records in an electronic version. Electronic health records are patient-centric records that provide patient information immediately and enable the authorized person to access them. Electronic health records contain the details of patients, treatment details, medical records, radiology reports, and laboratory reports.