Bruce did not disclose his heart problem on the application

Assignment Help Business Economics
Reference no: EM132288701

Bruce left a question about heart disease blank on his life insurance application because he wanted to speak with his doctor before answering. After speaking with his doctor, he forgot to complete that question and the application was submitted. The insurance company issued the policy. Several weeks later, Bruce was speaking with his insurance agent and told the agent that Bruce did, in fact, have heart disease. Bruce died 9 months later and the insurance agent and told the company he knew Bruce did have a heart condition at the time the policy was issued. The insurance company tries to deny payment on the life insurance policy. Which life insurance policy provision will require the life insurer to pay the beneficiary even through Bruce did not disclose his heart problem on the application?

Reference no: EM132288701

Questions Cloud

Government intervention is never warranted : Answers with no explanation will receive no points. Note that it is possible to answer each question for full credit with a few sentences.
Risk associated with the less expensive : How should the added risk associated with the less expensive truck be incorporated into the estimation of its NPV? Explain.
Work for a software developing firm : You work for a software developing firm and the firm is considering canceling all of their operating leases for the printers that are used
Write an analysis of a controversial issue in tax policy : Assume your audience is the general public interested in knowing something about the topic, but not quite sure what to think. You can think of this as a long.
Bruce did not disclose his heart problem on the application : Which life insurance policy provision will require the life insurer to pay the beneficiary even through Bruce did not disclose his heart problem on the applicat
Firm discounts the cash flows of the project : The estimated beta of this project is 1.50. If the firm discounts the cash flows of the project at the WACC, they run the risk of
To what extent apple engage in unrelated diversification : Apple and Samsung are often mentioned together, as they are both world leading producers of smartphones. However, they are much different companies in a variety
Contribute to your 401k plan : How much to you have to contribute to your 401K plan each year to reach the above nest egg. Remember that your employer is matching your contribution
What is the expected cost of producing 500 products : The probability of no defective products is 80%. The probability of 5% defective products is 20%. What is the expected cost of producing 500 products?

Reviews

Write a Review

Business Economics Questions & Answers

  Results of several different experiments

Could you please help me understand the question and solution to this question?

  Q 1 describe michael porters five-force model and indicate

q. 1. describe michael porters five-force model and indicate why many observers regard his paradigm of industry

  Illustrate what are the types of business organization

Illustrate what are the types of business organization/ company forms, and their pros and cons (advantages and disadvantages) from an economist point of view.

  Monohybrid cross punnett square

Need help, how can this be done as a Monohybrid Cross Punnett square

  Where the government imposes trade tariffs on corn

Consider a small open economy in the short run where the government imposes trade tariffs on corn. (a) Given a floating exchange rate sketch a graph of the impact of the tariffs on IS-LM. (b) With a floating exchange rate how does the trade tariffs i..

  Advantages of using paper money instead of gold coins

What are the functions of money? What are the advantages of using paper money instead of gold coins? Can an economy exist without paper money? How different would it be from our modern economy? Order the following assets by liquidity from the most li..

  Visit the dealer and read the fine print

You see a car loan advertised with terms of 2.17%. When you visit the dealer and read the fine print, however, you see that the interest

  Effectively protect purchasing power of original principal

Suppose that a person invest 3000$ at 10% per year, compounded annually, for 8 years. (a) will this effectively protect the purchasing power of the original principal, given an annual inflation rate 8%? If so by how much

  What is the probability of selecting a female

Of the high school students selected in this random sample of 10, what is the probability of selecting a female?

  Why might some firms voluntarily pay workers a wage

Why might some firms voluntarily pay workers a wage above the market equilibrium, even in the presence of surplus labor?

  Construct a choice table for interest rates

(a) Construct a choice table for interest rates from 0% to 100%. (b) If the MARR is 10%, what recommendation should Betty make?

  Workers compensation premiums to skyrocket

Upon graduation, John Jones takes a position as risk manager to ABC Manufacturing which manufactures widgets that are utilized in farm equipment. Unfortunately, ABC Manufacturing has had a long history of significant injuries to its production employ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd