Research about insurance companies in the philippines that offers lofe insurance, disability insurance and health insurance in their policy for these three kinds of insurance?
1. Research about insurance companies in the philippines that offers lofe insurance, disability insurance and health insurance in their policy for these three kinds of insurance?
Answer:
pa brainlist nalang po please
2. make a narrative report15. BUSINESS RISKS Definition of Risk Methods of Handling Risk Insurance as a Device for Handling Risk Types of Insurance Coverages Basic Types of Life Insurance Contracts Business and the Use of Life Insurance Fire Insurance Motor Car Insurance Marine Insurance General Liability Insurance Surety Bonds Miscellaneous Insurance Lines
BUSINESS RISKS Definition of Risk Methods of Handling Risk Insurance as a Device for Handling Risk Types of Insurance Coverages Basic Types of Life Insurance Contracts Business and the Use of Life Insurance Fire Insurance Motor Car Insurance Marine Insurance General Liability Insurance Surety Bonds Miscellaneous Insurance Lines
3. Payments on insurances are called insurance
the answer to your question is yes!
the answer is TRUE. Payments on insurances are called insurance
4. Insurable interest should be present at the time of issue for all types of insurance.
Answer:
An interest in property insured must exist when the insurance takes effect, and when the loss occurs, but not exist in the meantime; and interest in the life or health of a person insured must exist when the insurance takes effect, but need not exist thereafter or when the loss occurs. Sec.5. Blend Foods purchased a two-year fire and extended coverage insurance policy on August 1, 2015, and charged the P4,200 premium to Insurance expense. At its December 31, 2015, year-end, Bland Foods would record which of the following adjusting entries? Select one: a. Prepaid insurance3,325 Insurance expense3,325 b. Insurance expense875 Prepaid insurance3,325 Insurance payable4,200 c. Prepaid insurance875 Insurance expense875 d. Insurance expense875 Prepaid insurance875
Answer is a................
6. The cost of life insurance to the age of the insured person
For life insurance, the minimum age of the insured is 18 years.
Explanation :
In general, the minimum age to enter into life insurance plans such as term plans and whole life plans is 18 years. Meanwhile, the maximum age of entry generally ranges from 65 to 69 years, depending on the company offering and the type of insurance program offered.
As you get older, the price of life insurance usually increases. However, to determine your specific premium, insurers take into account other elements such as your general health, gender, the type of policy you choose, and the level of coverage you need. Usually in life insurance, the amount of premium increases on average about 8% to 10% for increasing age every year.
Most life insurance contracts end when a person reaches the age of 100. If the policyholder outlives the insurance coverage, then the insurance company can pay the policyholder the full cash value and cover the policy. It also provides extensions to policyholders if they continue to make premium payments until they pass away.
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7. the cost of life insurance to the age of the insured person
Answer:
Typically, the premium amount increases on average by about 8% to 10% for every year of age, according to Ted Bernstein, Director, Life Insurance Concepts Inc. 4 “A 45-year-old male will pay on average $1,125 for a new, 20-year term policy with $1,000,000 of coverage,” he says.
8. Mang Boy is a jeepney driver who got amputated due to a road accident in Commonwealth Avenue last year. What type of insurance coverage that he must avail?Disability insurance Hospitalization insurance Medical insurance Surgical insurance
Answer:
medical insurance
Explanation:
yan cguro?
9. X insured his specific house to Y insurer. The contract started that if the house is damaged or destroyed by the peril insured against, Y will pay the policy or rebuild it in a sufficient manner. Is this an alternative obligation of the insurer? Why?
Answer:
No.
Step-by-step explanation:
No, this is not an alternative obligation of the insurer. An alternative obligation is a type of obligation in which two or more different performances are due, but the performance of one extinguishes the obligation. In the given situation, the insurer has a specific obligation to either pay the policy or rebuild the damaged or destroyed house. The insurer cannot choose between these two options or consider them as alternative obligations. Therefore, this is a specific obligation, not an alternative one.
10. does lightning mqween have car insurance or life insurance?
Since his physical being is visualized as a car, he would life insurance. However, the semi-truck that he rides in would have car insurance.
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11. the cost of life insurance the age of the insured person
ummm that answer is so weird but I think it's yes
i dont know sorry im just beginner her hehe
12. Compare Health Insurance and Medical Insurance?
Answer:
health insurance covers all expenses in the hospital while medical insurance only offers limited coverage to hospitalization expenses.
13. compare health insurance and medical insurance?
Answer:
Medical insurance will provide you coverage only for hospitalization, pre-specified ailments and accidents that too for a pre-specified amount while health insurance will provide you with comprehensive coverage against hospitalization expenses, pre-hospitalization and post-hospitalization expenses and ambulance ...
14. what is insurance policy in insurance law?
Answer:
An insurance policy is a legally binding contract between the insurer and the policyholder.
15. Direction: Write true if the statement is correct. If it is false, change the underlined word/s to make it right by choosing the correct word/s inside the box. Write only the letter of the chosen word/s.A. PremiumB. ClaimC. InsuredD. RenewalE. Cover noteF. RiskG. Weekly compensationH. InsurerI. Insurance brokerJ. InsuranceK. LowL. Benefits____1. (Business) is about getting protection from possible loss or a damage.____2. (External equity) is an indirect way of obtaining capital for most businesses.____3. (Insurance agents') job is to advise the public about insurance policies.____4. (Third Party Insurance) covers injury to people only. It does not cover any damage done to property.____5. The (insured) refers to the businesses which sell the insurance policy.____6. The (compensation) is only made to those who have accidents while at work.____7. When injuries stop you from working for a certain period, you will receive (lump sum) payments.____8. (Insurance policy) is a legal contract between the insured and the insurer.____9. The premium paid to the insured depends on the amount of (balance) involved. ____10. Business organisations need to insure their businesses because there are a many (risk) involved in running a business.____11. (Indemnity) is a document given to you after you pay your premium.____12. Every business must have some kind of (cover or protection).____13. (Insurance) notice is sent by the insurance company to the insured before the old policy expires.____14. It is an (offence) for any vehicle owner not to have a Third Party Insurance.____15. The (insurer) refers to the people or businesses that takes out insurance cover.____16. New for old policy requires a (high) premium from the insured.____17. (Proposal) form is a request for payment under an insurance policy.____18. (Compulsory insurance) that must be taken out. You have no choice because it is required by law.____19. The (cover) is the cost of the insurance cover.____20. Taking up insurance with an insurance company involves (cost).
Answer:
1.L2.k3.J4.l5.h6.G7.F8.E9.D10.C11.B12.C13.A14.E15.h16.l17.G18. D19.A20.C16. Payments on insurances are called insurance
because that is the thing that you will recieve when you're life is in danger
17. true or false muscular insurance this is a test to assess the insurance of your heart
Answer:
false
Explanation:
because muscular endurance is an test/exercise for the muscles of the body
18. Charmie works as a financial advisor in an insurance company. She sells insurance such as life insurance, health insurance and car insurances. Her income is based on the commission given by the company. She can earn 5 % of the sales she can make every month. Charmie sold worth 2 million of life insurance this March. How much is her income this month?
100,000 is her income this month.
What is Asked?
-- How much is her income this month?
What is the correct equation/ mathematical sentence for the problem?
-- 5% ÷ 100 = N
5% ÷ 100 = NN ÷ 2,000,000 = N
What is the correct answer?
-- 5% ÷ 100 = 0.05
5% ÷ 100 = 0.050.05 ÷ 2,000,000 = 100,000
ฅ^•ﻌ•^ฅ Bye ~~~
19. Payment made by the insured to insurance companies
Answer:
An insurance premium is the amount of money an individual or business pays for an insurance policy.
20. true or false health insurance is the financial agreement between an insurance company and an individual
Answer:
TRUE
Explanation:
Health insurance is a contractual agreement between an individual or group and an insurance provider through which the insurance provider agrees to pay for some or all of the health care costs incurred by the person or group in exchange for their regular payment of a sum known as a premium.
PA BRAINLIEST HEHE.
21. the cost of life insurance to the age of the insured person
Answer:
Typically, the premium amount increases average about 8% to 10% for every year of age; it can be as low as 5% annually if your 40s, and as high as 12% annually if you're over age 50. With term life insurance, your premium is established when you buy a policy and remains the same every year.
Step-by-step explanation:
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22. The entry to record the 1 month expired portion of the insurance paid in advance is? Select one: a. dr prepaid insurance cr cash b. dr insurance expense cr prepaid insurance c. dr cash cr insurance
Question:
The entry to record the 1 month expired portion of the insurance paid in advance is?
Choices:A. Dr prepaid insurance cr cash
B. Dr insurance expense cr prepaid insurance
C. Dr cash cr insurance
Answer:C. Dr cash cr insuranceExplanation:Example of Prepaid InsuranceTo illustrate prepaid insurance, let's assume that on November 20 a company pays an insurance premium of $2,400 for insurance protection during the six-month period of December 1 through May 31. On November 20, the payment is entered with a debit of $2,400 to Prepaid Insurance and a credit of $2,400 to Cash.23. he balance in the Prepaid Insurance account before the adjustment at the end of the year is ₱72,000, which represents twelve months’ insurance purchased on Dec. 1, 2021. The adjusting entry required on Dec. 31, 2022 is _____. A. debit Insurance Expense, ₱6,000; credit Insurance Payable, ₱6,000 B. debit Insurance Expense, ₱6,000; credit Prepaid Insurance, ₱6,000 C. debit Insurance Expense, ₱66,000; credit Prepaid Insurance, ₱66,000 D. debit Prepaid Insurance, ₱6,000; credit Insurance Expense, ₱6,000
Answer:
Letter C. poStep-by-step explanation:
hope it helps.
24. 1.)Why insurance is important ? 2.)How does insurance become helpful in managing a business?3.)Give at least 3examples where insurance is applicable in a business.
Answer:
1.Buying insurance is important as it ensures that you are financially secure to face any type of problem in life,
Explanation:
2.Business Insurance Helps to Minimize Financial Losses
It can help protect you and your business in different ways. From repairing or replacing property damaged by a covered loss to helping cover the legal costs from a lawsuit, business insurance can help your business through the unexpected.
yan lang po alam ko di ko alam ang 3
25. The cost of life insurance to the age of the insured person
Life Insurance Costs
As you age, life insurance prices normally rise. However, in order to determine your specific premium, insurance companies take into account other elements such as your general health, gender, the kind of policy you choose, and the level of coverage you require.
Let’s say for instance,
When young drivers reach age 25 and gain more driving experience, their insurance costs decrease by roughly 33%. Each birthday sees a general drop in costs. The best rates for drivers are available once they turn 50. However, auto insurance rates start to rise and reach levels comparable to those seen by drivers in their 40s around the age of 60.Generally speaking, the entrance age for life insurance policies such term and whole life policies is 18. Depending on the kind of plan and insurer, the upper age limit varies from 65 to 69 years old.Most entire life insurance contracts expire at age 100. In the event that a policyholder outlives the coverage, the insurance company may pay the full cash value to the policyholder (which in this instance is the coverage amount) and close the policy. Others give the policyholder an extension if they continue to make premium payments until they pass away.
Financial institution for insurance:
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26. the cost of life insurance to the age os the insured person
Answer:Typically, the premium amount increases average about 8% to 10% for every year of age; it can be as low as 5% annually if your 40s, and as high as 12% annually if you're over age 50. With term life insurance, your premium is established when you buy a policy and remains the same every year.
Step-by-step explanation:
27. If you will be given a chance to get an insurance, what type of insurance would it be and why?
Answer:
Health Insurance
Health insurance can be obtained through your employer, the federal health insurance marketplace, or private insurance you buy for yourself and your family by contacting health insurance companies directly or going through a health insurance agent.
Only about 9.2% of the American population were without insurance coverage in 2021, the Centers for Disease Control (CDC) reported in its National Center for Health Statistics. More than 60% got their coverage through an employer or in the private insurance marketplace while the rest were covered by government-subsidized programs including Medicare and Medicaid, veterans' benefits programs, and the federal marketplace established under the Affordable Care Act.
If you're on a very tight budget, even a minimal policy is better than none. If your income is low, you may be one of the 80 million Americans who are eligible for Medicaid.
If your income is moderate but doesn't stretch to insurance coverage, you may be eligible for subsidized coverage under the federal Affordable Care Act.
The best and least expensive option for salaried employees is usually participating in your employer's insurance program, if your employer has one. The average annual premium cost to the employee in an employer-sponsored health care program was $7,739 for single coverage and $22,221 for a family plan in 2021, according to research published by the Kaiser Family Foundation.
28. 6. An insurance company is deciding whether to insure the lives of those leading a quest to Malaria. Based on past experience, the probability of surviving such a quest is 91.3%. If the insurance company charges a premium of Php 5,200.00 and would pay a death benefit of Php 93,000.00 if the insured were to die, what is the expected value of this insurance policy?
The expected value of an insurance policy is the sum of the probability of each outcome multiplied by its corresponding payout. In this case, the probability of surviving the quest is 91.3% and the probability of dying is 8.7% (100% - 91.3%). The expected value of the policy is calculated as follows:
Expected value = (probability of surviving * premium) + (probability of dying * death benefit)
= (0.913 * 5200) + (0.087 * 93000)
= 4744.6 + 7901
= PHP 12645.6
Therefore, the expected value of the insurance policy is PHP 12645.6.
29. Charmie works as a financial advisor in an insurance company. She sells insurance such as life insurance, health insurance and car insurances. Her income is based on the commission given by the company. She can earn 5% of the sales she can make every month. Charmie sold qorth 2 million of life insurance this March. How much is her income this month?
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Step-by-step explanation:
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30. Financial institution that provides protection to insured customersA. Non Life InsuranceB. Life InsuranceC. Insurance CompaniesD. Mutual Funds
The answer is letter C. Insurance Companies.
Insurance companies provides a range of insurance policies that protect individuals or businesses from financial losses and in return customers pay regular payments to cover their insurance.
