Log in
Finance
1
answer
0
watching
135
views
14 Mar 2018

1-For home owner insurance policy (HO3), there is a 80% rule. It is actually a coinsurance clause applied to the building structures. Explain what it means and how does it work?

2-In employee benefits chapter, can you explain why employers are interested in providing employee benefits to their employees?

3-Explain the difference between a defined contribution and a defined benefit plan in retirement saving plans.

4-Describe the characteristics of a government insurance program.

5-What are the requirements for receiving Social Security disability benefits?

Watch
1
answer
0
watching
135
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Bunny Greenfelder
Bunny GreenfelderLv2
16 Mar 2018

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related questions

Question 1

  1. Life insurance is viewed as favorable in defined benefit plans because it adds to the limit on deductible contributions

    True

    False

2 points

Question 2

  1. Some of the advantages of using life insurance in a qualified plan includethe following except:

    plan costs for employer are predictable

    life insurance is considered to be a very safe investmen

    greater rates of return on insurance cash value than alternative investments

    retirement benefits can be guaranteed by both the insurance company and employer

    low cost installation and service of the plan

2 points

Question 3

  1. A defined benefit plan can help an older employee in a small business maximize tax-deferred savings.

    True

    False

2 points

Question 4

  1. IRS sets a maximum limit on the projected annual benefit that a defined benefit plan can provide a participant.

    True

    False

2 points

Question 5

  1. An employee can be covered under both a defined benefit and a defined contribution plan.

    True

    False

2 points

Question 6

  1. Which type of plan has benefit levels that are guaranteed by the employer and also the Pension Benefit Guaranty Corporation (PBGC)?

    money purchase plan

    defined benefit plan

    target benefit plan

    cross tested plan

    tax deferred annuity

2 points

Question 7

  1. Regarding a cash balance plan, which of the following is (are) true?

    the employee bears investment risk

    each participant has a hypothetical account that the employer credits at least annually

    the plan benefits older workers more than younger workers

    1 and 3

    2 and 3

2 points

Question 8

  1. A traditional defined benefit plan and a cash balance plan share the following characteristics:

    Pension Benefit Guaranty Corporation coverage

    employer bears investment risk

    able to use Social Security integration

    all of these

    only 1 and 2

2 points

Question 9

  1. If an employer wants to reward an employee

Related Documents

FIN 3440 Lecture Notes - Lecture 3: Home Insurance, Disability Insurance, Vehicle Insurance
ultramarinerat118
FIN-2860 Chapter Notes - Chapter 10: Home Insurance, Outhouse, Property Insurance
aquamarinewasp815
FIN 502 Lecture Notes - Home Insurance, Vehicle Insurance, Liability Insurance
sangriahare510

Weekly leaderboard

Home
Homework Help 3,900,000
Finance 370,000
Start filling in the gaps now
Log in