Thư viện tài liệu, ebook tham khảo dành cho học sinh, sinh viên

An HSA investment account in a qualified plan received favorable tax treatment Participants pay premiums with before-tax dollars Investment earnings accumulate tax-free Proponents argue that HSAs can help keep health care costs down because consumers will be more sensitive to costs, will avoid unnecessary services, and will shop around Critics ...

29 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 909 | Lượt tải: 0

An individual retirement account (IRA) allows workers with taxable compensation to make annual contributions to a retirement plan up to certain limits and receive favorable income-tax treatment Two basic types of IRAs are: Traditional IRA Roth IRA

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The annual rate of return earned on the savings component of a policy is an important consideration if you intend to invest over a long period of time The Linton yield is the average annual rate of return on a cash value policy if it is held for a specified number of years Current information is not readily available to consumers, so the method h...

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Apply toward the purchase of term insurance The dividend can be used to purchase one-year term insurance equal to the cash value of the basic policy The remainder of the dividend is used to buy paid-up additions or is accumulated at interest Alternatively, the dividend may be used to purchase yearly renewable term insurance Convert the policy t...

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Most families own an insufficient amount of life insurance About one in five households have no life insurance Consumers procrastinate, and have difficulty in making correct decisions about the purchase of life insurance Many families have only a limited amount of discretionary income The purchase of life insurance reduces the amount of discret...

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A calendar-year deductible is a type of aggregate deductible that is found in basic medical expense and major medical insurance contracts A corridor deductible is a deductible that can be used to integrate a basic medical expense plan with a supplemental major medical expense plan An elimination (waiting) period is a stated period of time at the ...

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An agent is someone who has the authority to act on behalf of a principal (the insurer) Several laws govern the actions of agents and their relationship to insureds There is no presumption of an agency relationship An agent must be authorized to represent the principal Authority is either express, implied, or apparent Knowledge of the agent is...

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Advantages of state regulation include: Greater responsiveness to local needs Promotion of uniform laws by the NAIC Greater opportunity for innovation Unknown consequences of federal regulation Decentralization of political power

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Policy reserves are a liability item on the balance sheet that must be offset by assets equal to that amount State laws specify the minimum basis for calculating policy reserves The reserve for amounts held on deposit is a liability representing funds that are owed to policyholders and to beneficiaries The asset valuation reserve is a statutory ...

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There are two basic methods for sharing losses: Under the Pro rata method, where the ceding company and reinsurer agree to share losses and premiums based on some proportion Under the Excess method, where the reinsurer pays only when covered losses exceed aa certain level Under a quota-share treaty, the ceding insurer and the reinsurer agree to ...

19 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 1399 | Lượt tải: 0