Tài liệu Khối Ngành Kinh Tế

Survivor benefits can be paid to the dependents of a deceased worker who is either fully or currently insured Survivors include: Unmarried children younger than age 18 Unmarried disabled children Surviving spouse with children younger than age 16 Surviving spouse age 60 or older Disabled widow or widower, ages 50-59 Dependent parents The b...

40 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 730 | Lượt tải: 0

A cash-balance plan is a defined-benefit plan in which the benefits are defined in terms of a hypothetical account balance Actual retirement benefits will depend on the value of the participant’s account at retirement Each year, a participant’s “hypothetical” account is credited with a pay credit, which is related to compensation, and an interest...

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A large percentage of employers self-insure the health insurance benefits provided to their employees Self insurance means the employer pays part or all of the cost of providing health insurance to the employees Plans are usually established with stop-loss insurance A commercial insurer will pay claims that exceed a certain limit Some employer...

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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 ...

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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...

25 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 553 | Lượt tải: 0

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...

14 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 543 | Lượt tải: 0