瑞达 Rejda 保险教材英文练习题11.docx
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瑞达 Rejda 保险教材英文练习题11.docx
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瑞达Rejda保险教材英文练习题11
PrinciplesofRiskManagementandInsurance,11e(Rejda)
Chapter11LifeInsurance
1)Whichofthefollowingtypesoffamiliesislikelytohavetheleastneedforalargeamountoflifeinsurance
A)ablendedfamily
B)atraditionalfamily
C)asinglepersonfamily
D)asandwichedfamily
Answer:
C
QuestionStatus:
PreviousEdition
;
2)Thehumanlifevalueisdefinedasthe
A)presentvalueofadeceasedbreadwinner'sfuturegrossincome.
B)futurevalueofadeceasedbreadwinner'spastearnings.
C)presentvalueofthefamily'sshareofadeceasedbreadwinner'sfutureearnings.
D)futurevalueofthefamily'sshareofadeceasedbreadwinner'sfutureearnings.
Answer:
C
QuestionStatus:
PreviousEdition
3)Allofthefollowinginformationisneededtocalculateaperson'shumanlifevalueEXCEPT
?
A)theperson'saverageannualearningsoverhisorherproductivelifetime.
B)theperson'sestimatedannualSocialSecuritybenefitsafterretirement.
C)theperson'scostofself-maintenance.
D)thenumberofyearsfromtheperson'spresentagetotheexpectedretirementage.
Answer:
B
QuestionStatus:
PreviousEdition
4)Tocalculateahumanlifevalue,itisnecessarytodeductcertaincostsfromaperson'saverageannualearnings.Thesecostsinclude
A)funeralcosts.
B)incometaxes.
·
C)investmentincome.
D)pensionbenefitsafterretirement.
Answer:
B
QuestionStatus:
PreviousEdition
5)AllofthefollowingaredefectswhichlimittheusefulnessofthehumanlifevalueapproachindeterminingthecorrectamountoflifeinsurancetopurchaseEXCEPT
A)Theeffectsofinflationareignored.
B)Othersourcesofincomeforsurvivorsareignored.
C)Earningsareassumedtoremainconstant.
D)Earningsduringtheindividual'sproductivelifetimeareignored.
Answer:
D
QuestionStatus:
PreviousEdition
6)Whichofthefollowingstatementsabouttheneedsapproachforestimatingtheamountoflifeinsurancetopurchaseis(are)true
I.Itinvolvesananalysisofvariousfamilyneedswhichmustbemetifafamilybreadwinnerdies.
II.Itsuseisappropriateonlyifapersoncurrentlyhasnolifeinsuranceprotection.
A)Ionly
B)IIonly
C)bothIandII
D)neitherInorII
Answer:
A
!
QuestionStatus:
PreviousEdition
7)ThepurposeofanestateclearancefundistopayallofthefollowingEXCEPT
A)burialexpenses.
B)estateadministrationexpenses.
C)educationcosts.
D)installmentdebts.
Answer:
C
QuestionStatus:
PreviousEdition
?
8)Whatisthelengthofthereadjustmentperiodwhichisconsideredwhentheneedsapproachisusedtodeterminetheamountoflifeinsurancetoown
A)3to6months
B)1to2years
C)untiltheyoungestchildreachesage18
D)untilthesurvivingspousereachesage65
Answer:
B
QuestionStatus:
PreviousEdition
9)Undertheneedsapproach,whenisthedependencyperiodofasurvivingspouseassumedtoend
A)1or2yearsafterthebreadwinner'sdeath
(
B)whentheyoungestchildreachesage18
C)whenthesurvivingspousereachesage65
D)whenthesurvivingspousedies
Answer:
B
QuestionStatus:
PreviousEdition
10)TheperiodduringwhichasurvivingspouseisineligibleforSocialSecuritybenefitsisreferredtoasthe
A)emergencyperiod.
B)readjustmentperiod.
C)dependencyperiod.
%
D)blackoutperiod.
Answer:
D
QuestionStatus:
PreviousEdition
11)Whichofthefollowingstatementsaboutthecapitalretentionapproachfordetermininglifeinsuranceneedsis(are)true
I.Itassumesthatlifeinsuranceproceedswillbeliquidatedtoprovideincometosurvivors.
II.Itrequiresthepreparationofapersonalbalancesheet.
A)Ionly
B)IIonly
C)bothIandII
D)neitherInorII
'
Answer:
B
QuestionStatus:
PreviousEdition
12)Whenthecapitalretentionapproachisusedtodeterminehowmuchlifeinsurancetopurchase,allofthefollowingaresubtractedfromtotalassetstocalculatethecapitalavailabletoproduceincomeEXCEPT
A)investmentsinstocksandbonds.
B)non-incomeproducingcapitalsuchasautosandthevalueofthehome.
C)theamountofmoneyneededtopayoffthemortgage.
D)autoloansandcreditcarddebt.
Answer:
A
QuestionStatus:
Revised
*
13)Disadvantagesofthecapitalretentionapproachincludewhichofthefollowing
I.Assetsareoftenliquidatedtooquickly.
II.Itunderestimatestheamountoflifeinsuranceneeded.
A)Ionly
B)IIonly
C)bothIandII
D)neitherInorII
Answer:
D
QuestionStatus:
PreviousEdition
(
14)TomandNancyBoyleprovidefinancialsupportfortheirtwochildren.Inaddition,theyprovidefinancialsupportforTom'sagedfatherandNancy'sagedmother.TheBoylefamilycanbedescribedasa
A)blendedfamily.
B)single-parentfamily.
C)two-incomeearnerfamily.
D)sandwichedfamily.
Answer:
D
QuestionStatus:
PreviousEdition
15)Julian,age45,wouldliketodeterminehowmuchlifeinsurancetopurchaseusingthehumanlifevalueapproach.Heassumeshisaverageannualearningsoverthenext20yearswillbe$40,000.Ofthisamount,$20,000isavailableannuallyforthesupportofhisfamily.Julianwillgeneratethisincomefor20moreyearsandhebelievesthat5percentistheappropriateinterest(discount)rate.Thepresentvalueofonedollarpayablefor20yearsatadiscountrateof5percentis$.WhatisJulian'shumanlifevalue
A)$184,600
/
B)$249,200
C)$360,800
D)$400,000
Answer:
B
QuestionStatus:
PreviousEdition
16)JessicaisanagentforLMNLifeInsuranceCompany.ShemetwithBrad,whowasinterestedinpurchasinglifeinsurance.Jessicaexplainedthevarioususesoflifeinsurance,includingincomeforBrad'swifeduringthe1-or2-yearperiodfollowingBrad'sdeath.Thisperiodisknownasthe
A)dependencyperiod.
B)estateclearanceperiod.
C)blackoutperiod.
^
D)readjustmentperiod.
Answer:
D
QuestionStatus:
PreviousEdition
17)Sarahisusingtheneedsapproachtodeterminehowmuchlifeinsurancetobuy.Hercashneedsare$30,000;herincomeneedsare$140,000;andspecialneedsare$100,000.Sarahhasthefollowingassets:
$20,000inbankaccounts,$30,000inretirementplans,and$40,000ininvestmentaccounts.Sarahownsnoindividuallifeinsurance.Sheiscoveredbya$50,000grouplifeinsurancepolicythroughheremployer.Basedonthisinformation,howmuchadditionallifeinsuranceshouldSarahpurchase
A)$80,000
B)$130,000
C)$150,000
D)$160,000
Answer:
B
%
QuestionStatus:
PreviousEdition
18)Richardisusingthecapitalretentionapproachtodeterminehowmuchlifeinsurancetopurchase.Richardwouldliketoprovide$35,000peryeartohisfamily,forever,ifhedies.Theassetsthathehastodaywillprovide$25,000inannualincomewithouttheliquidationoftheseassets.Iflifeinsuranceproceedscanbeinvestedtoearna5percentannualreturn,howmuchlifeinsuranceshouldRichardpurchasetofundtheadditionalincomeneededtomeetthe$35,000annualincomegoal
A)$10,000
B)$100,000
C)$150,000
D)$200,000
Answer:
D
QuestionStatus:
PreviousEdition
19)Billisattemptingtodeterminehowmuchlifeinsurancetopurchase.Hehastwodependentchildrenandhiswifedoesnotworkoutsideofthehome.AnadvisorsuggestedthatBillshouldconsiderSocialSecuritybenefitswhendoinghislifeinsuranceplanning.OneconcerninthisregardistheperiodafterSocialSecuritybenefitstoawidowterminateuntiltheyresumeagain.Thisperiodiscalledthe
/
A)blackoutperiod.
B)dependencyperiod.
C)emergencyperiod.
D)readjustmentperiod.
Answer:
A
QuestionStatus:
PreviousEdition
20)Whenusingtheneedsapproach,several"specialneeds"shouldbeconsidered.Onespecialneedismoneytocoverunexpectedevents,suchasmajorcarrepairs,dentalbills,orhomerepairs.Moneysetasideforthispurposeiscalleda(n)
A)estateclearancefund.
B)emergencyfund.
$
C)readjustmentperiodfund.
D)mortgageredemptionfund.
Answer:
B
QuestionStatus:
PreviousEdition
21)Mostfamilyheadsneedsubstantialamountsoflifeinsurance.However,withlimitedincome,moneyspentonlifeinsurancereducestheamountofdiscretionaryincomeavailableforotherhigh-priorityneeds.Whataninsuredpersongivesupwhenheorshepurchaseslifeinsuranceinsteadofusingthepremiumdollarsforotherpurposesiscalledthe
A)estimatedcostoflifeinsurance.
B)netcostoflifeinsurance.
C)real(inflation-adjusted)costoflifeinsurance.
D)opportunitycostofbuyinglifeinsurance.
)
Answer:
D
QuestionStatus:
PreviousEdition
22)Whichofthefollowingstatementsaboutyearlyrenewableterminsuranceis(are)true
I.Itrequiresevidenceofinsurabilityforrenewal.
II.Itismostappropriatewhenaninsuredneedslifetimeprotection.
A)Ionly
B)IIonly
C)bothIandII
D)neitherInorII
、
Answer:
D
QuestionStatus:
PreviousEdition
23)Whathappenstothepremiumsforyearlyrenewableterminsuranceasaninsuredgetsolder
A)Theyincreaseatanincreasingrate.
B)Theyincreaseatadecreasingrate.
C)Theydecreaseataconstantrate.
D)Theyremainlevel.
Answer:
A
QuestionStatus:
PreviousEdition
、
24)AllofthefollowingstatementsaboutterminsurancearetrueEXCEPT
A)Theinsuranceprovidesprotectionforaspecifiedperiodoftime.
B)Mostpoliciescanberenewedforadditionalperiodswithoutevidenceofinsurability.
C)Mostpoliciescanbeconvertedtoapermanentlifeinsurancepolicy.
D)Mostpolicieshaveacashvaluethatisrefundedwhencoverageceases.
Answer:
D
QuestionStatus:
PreviousEdition
25)AllofthefollowingstatementsabouttheconversionofatermpolicyaretrueEXCEPT
A)Underanattainedageconversion,thepremiumisbasedontheinsured'sattainedageatthetimeofconversion.
.
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