Answered: The period of time al the beginning of…

The period of time al the beginning of a disability during which no benefils are payable is known as lhe. A.Accumulation Period B.Eligibility Period C.Probationary Period D.Elimination Period

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter11: Planning For Health Care Expenses

Section11.5: Disability Income Insurance

Problem 4CC

See similar textbooks

Related questions

Q: Required: Find the after-tax return to a corporation that buys a share of preferred stock at $57,…

A: Return is calculated by adding the sale value and any dividend received and reduced by the purchase…

Q: A project your firm is considering for implementation has these estimated costs and revenues: an…

A: The costs incurred to keep the machinery in a working position are known as maintenance charges.…

Q: You have been depositing money into an account yearly based on the following investment amounts,…

A: The sum of money received after a period of time at a fixed rate of interest based on an estimated…

Q: What is the benefits of floating exchange rates?

A: Floating Exchange Rate refers to a methodology where price of currency of a nation is determined by…

Q: A simple "EE US Treasury Savings Bond" pays the holder $1000 in 30 years. Given that the applicable…

A: To calculate the bond cost we will use the below formula Bond cost today = FV/[1+(r/m)]n*m Where…

Q: a) Determine the regular withdrawals for each option. b) Determine the total interest earned for…

A: Present Value of Annuity: It represents the present value of the future stream of cash flows. It…

Q: hich one of the following attributes is favorable for the convertible bond arbitrage? low…

A: The bonds can be converted into number of shares on expiration of bond due to which bonds have good…

Q: What amount should he pay if he decides to settle it on June 20th, 2017 instead? The interest rate…

A: Present value (PV) of money refers to the current price of any future sum of money or streams of…

Q: An aggregate crasher is expected to cost P60, 000 and has an estimatedlife of 5 years. Maintenance…

A: Here we will use the concept of time value of money. As per the concept of time value of money the…

Q: You have been granted stock options on 300 shares of your employer's stock. The stock is currently…

A: A financial instrument dependent on the value of an underlying security, such as a stock, is…

Q: Which of the following about Treasuy inflation protected securities is NOT true:

A: A treasury inflation protected security is one which protects the investor from rising inflation.…

Q: Ethan invests R120 000 for a period of 4 years. He is offered an interest rate compounded monthly of…

A: Given, The amount invested is R120000 Period is 4 years Interest rate is 7.5%

Q: rs, Mark was able to save 350,000Php in his savings account. He invested 40% of it in a catering…

A: The interest on the deposit depend on the amount of deposit and period of deposit and interest rate…

Q: Question 8 On July 10, 2012, you purchase a $10,000 par T-note that matures in five years. The…

A: The accrued interest concept is very widely accepted in the valuation and pricing of fixed income…

Q: L>Moving to another question will save this po Question 7 You purchase a TIP note with an original…

A: TIPS are treasury inflation protected securities. The principal invested in the TIPS increases with…

Q: Your bank pays 8% interest, compounded semiannually. Use Table 12-1 to find the future value (in $)…

A: Future Value of Annuity Due refers to the concept which dictates the compounded value of a sum of…

Q: A company is considering a new project requiring an upfront fixed-asset investment of $1,000,000…

A: Net Present value is present value of cash flow minus initial investment

Q: C. Suppose that the initial cost of a certain operation is $25000 at the beginning of the first…

A: Cash flow (CF) diagram refers to a visual represent of the cash flows (income and expenses) of a…

Q: A two-year project has an initial investment of $38,643,310 and involves both a cash inflow and…

A: The net present value is used to measure the profitability of a project. It does so by adding up the…

Q: An investment that cost ₱300,000 was placed in a bank and the bank gave you a 4% compound interest…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: You are planning on taking out a mortgage and would like to determine the cash value for a given…

Q: A portfolio manager has positions that include a £100,000 investment in A Corp and a £75,000…

A: Portfolio standard deviation In a two asset portfolio, the standard deviation of the portfolio is…

Q: $1500 is invested semi-annually for 3 years into a fund that pays 6.8% per year, compounded semi-…

A: Solution:- When an equal amount is invested each period, it is called annuity.

Q: The Treasury Department issues a 10-year coupon bond on January 1st, 2022. The first coupon is due…

A: Bond value The present bond value is the present value of all future cash flows. The cash flows…

Q: ’t bond rate is 3%; the current beta of equity is 1.5; compute the cost of equitywhat is the Cost…

A: The cost of minimum return required by a firm for an investor's portfolio, or by an individual for…

Q: The Deluxe Register Company sells 1,000 register books annually at a price of $35 each. If the…

A: Markup of selling price means the amount (Profit) which is added to the cost of item to determine…

Q: to settle a debt of 40000, Mrs santiago will pay quarterly for 7 years at 14% compounded quarterly.…

A: Future Value: The future value is the amount that will be received at the end of a certain period.…

Q: Property worth $77,490.00 can be purchased for 10% down and mortgage payments of $1355.00 at the end…

A: Present value of an annuity can be calculated using the given formula: = Annuity Amount * Present…

Q: A firm must decide between two designs A and B. Their effective income rate is 50%. If the desired…

A: Explanation : NPV method is a capital budgeting technique which help in decision making of project…

Q: A rich man put up a trust fund in the bank to give his son the earnings of P 400, 000 at the end of…

A: Trust fund can be defined as a legal entity that holds property or assets for a person or…

Q: nce are estimated at $4,000, $9,750 and 2000, respectively on. The value of the land is estimated to…

A: The cost technique calculates value by multiplying the land value by the replacement cost cost of a…

Q: Property worth $77,490.00 can be purchased for 10% down and mortgage payments of $1355.00 at the end…

A: Solution:- When an equal amount is paid each period at the end of period, it is called ordinary…

Q: Apple has purchased land for $500,000 for their new factory. They make a down payment of $100,000,…

A: Many Thanks for the Question. Bartleby's Guideline “Since you have posted a question with multiple…

Q: Your company is contemplating replacing some current machinery with more energy efficient models.…

A: NPV is the difference between present value of all cash inflows and initial investment. NPV =PV of…

Q: You just took over another financial adviser's account. The client invested $15,500 at 6.92%…

A: The Compound Interest Formula t = ln(A/P) / n[ln(1 + r/n)] In the formula A = Accrued amount…

Q: Cameron is saving for his retirement 22 years from now by setting up a savings plan. He has set up a…

A: Time period till retirement is 22 years Quarterly saving of $97.00 Time period of saving is 12 years…

Q: Great Lakes Christmas Tree Co. expects to pay an annual dividend of P2 per share in perpetuity on…

A: Perpetuity: It is a constant stream of similar cash flows with infinity. The value of the…

Q: You purchase a TIP note with an original principal amount of $1,.000,000 and a 9 percent annual…

A: Original Principal Amount = $1,000,000 Annual coupon Rate = 9% Inflation over the first six months =…

Q: A firm is scheduled to receive payment of $68,000 in 2 years. What is the present value of this…

A: Present value formula:- To calculate the present value of future incomes you should use this…

Q: A company can purchase a piece of equipment for $4,230. The equipment has a three-year life and…

A: Initial cost = $4,230 Annual cash inflow year 1 = $1,350 Annual cash inflow year 2 = $1,350 Annual…

Q: Janelle has some money set aside for her retirement. She would like to buy a new car and is…

A: Real interest rate refers to those interest rate of the company which is determined after adjusting…

Q: Over the last 10 years, a firm has had the earnings per share shown in the following table: Year…

A: A. Calculate the annual dividend for 2017 as follows: Annual dividend = Earnings per share *…

Q: practice, which one of the following factors plays the most important role in the distribution of…

A: When company goes for liquidation than company distribute the funds available for distribution among…

Q: A firm's stock has a required return of 9.00%. The stock's dividend yield (using the dividend to be…

A: A dividend is a return received by an investor from an investment made in the company. In the case…

Q: 2. A P100 investment yields P112.55 in one year. The interest on the investment was compounded…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: Assume the $11,700 Treasury bill, 6% for 10 weeks. Calculate the effective rate of interest.…

A: Answer: Interest applicable = 11700 * 0.06 * 10/52 = 135 Proceeds =…

Q: Suppose withdrawals of 10,000 every year starting at time 8 will be made and will go on forever. How…

A: Annual Withdrawals is 10,000 Time Period is forever Annual Withdrawals starts at Time 8 Effective…

Q: Johan wants to buy a car on hire purchase for N$49000 at the rate of 12% p.a. repayable using…

A: Payment of loan installments are based on the concept of compounding and time value of money. Here…

Q: A 20-year annual coupon bond with a face value of $100 and a coupon rate of 10% was originally sold…

A: Bonds are the debt securities which are issued by the corporates or the government to arrange the…

Q: a. Estiamte the free cashflow to all investors of this project. b. Find the project’s NPV c. By…

A: Free cashflow of a project means that the net cashflow expected in each year. This includes…

Concept explainers

Medicare

Medicare is one of the health insurances provided by the federal health insurance programs especially for elderly people who are 65 years old and above, young people with disabilities, and people affected with end-stage renal disease. The Medicare program covers medical services, nursing facilities, home health care, physician services, prescription drug, and hospital health care. Most of the population is getting benefited from the Medicare insurance program.

Question

The period of time al the beginning of a disability during which no benefils are payable is known as lhe.

A.Accumulation Period

B.Eligibility Period

C.Probationary Period

D.Elimination Period

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

Certain Accident Benefits limits under O.A.P. 1 Owner's Policy can be increased or extended at the option of the insured. Which one (1) of the following benefits CANNOT be changed? Death and Funeral Benefits. Income Replacement Benefit. Caregiver Benefit for Catastrophic Injuries. Disability Benefit after Age 65.
An application for an individual Disability Income policy may require all of he following information about the proposed insured EXCEPT for. A. marital slatus and occupation B. medical history C. other disability policies already in force D. the spouse's occupation
A characteristic NOT found in a group disability income policy is: A.cost of living adjustment B.benefits based on an employee's income C.medical underwriting D.elimination period
Traditional indemnity policies reimburse the insured based on the [amount charged | usual, customary, and reasonable (UCR) charges] for the medical services received. a. amount charged b. usual, customary, and resonable (UCR) charges
The following are excluded from gross income, except: a. Proceeds of life insurance policy received by the beneficiary upon death of insured b. Compensation for injuries, sickness, or death c. Amount received by the insured in excess of the premiums paid d. None of the above
Expenditure incurred annually on renewal of patient is a ?
Determine the meaning of the following terms. a. Contributory plan. b. Vested benefits. c. Retroactive benefits. d. Years-of-service method.
Briefly explain the following characteristics of long-term care insurance. Type of long-term care policies Triggers to become eligible for benefits Exclusions Protection against inflation
Which of the following criteria is not required for the recognition of a liability for compensated absences? The amount of the obligation must be estimable. Payment of the obligation will require the use of current assets. Payment of the obligation must be probable. The compensation either evsts with the employee ir can be carried forward to subsequent years.
Briefly explain the following life insurance contractual provisions. Suicide clause Grace period Reinstatement clause
Which type of insurance is not deductible as self-employed health insurance? a. Long-term care insurance O b. Medical insurance Oc. Disability insurance Od. Dental insurance Oe. Spousal medical insurance
One purpose of casualty policy’s condition section is to list the property that is to be covered list the perils that are to be insured against provide for extension of coverage specify the insured responsibilities in the event of loss