A drawback of the spending segmentation approach is A. exposure to longevity risk B. exposure to legacy risk. C. you may be forced out of your house should the reverse mortgage balance
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- A homeowner’s policy was cancelled by the Illinois insurance guaranty fund due to insolvency of the insurance company the unearned premium was $625.00. What is the premium refund due to the insured for the unexpired policy period? 1. $525 2. $625 3.$1150 4. $0Investors sometimes fear that a high-risk investment is especially likely to have low returns. Is this fear true? Does a high risk mean the return must be low?(a) You are selling your home, which has a large mortgage with favourable rates. You want to know whether a new purchaser can assume this mortgage. (i) Explain when assumption of a mortgage may occur, and also discuss whether you could bear any liability if the mortgage is assumed. (ii) Would novation of the mortgage be a better idea? Explain what novation is, when it may occur, and any liability you may face. (b) You are able to sell your property and now your financial advisor suggests that you should invest your new windfall in mortgages. He lists the various types of mortgages available. Discuss at least three different types of mortgages, relating their advantages and disadvantages from a legal standpoint, in particular with respect to the security involved. 4.
- A negative cash balance requires an increase in payments and decrease in cash receipts. True or False True FalseIn canada, How much would required to invest in Canada to qualify in the self-employed category? Explain inn detail with quality solution Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Which Defined Benefit Pension Plan income option will provide the highest monthly pension income to the retiree? Select one: a. Single Lifetime b. Joint Lifetime, 5-year guarantee, reduced by 1/3 c. Joint Lifetime, 5-year guarantee d. Single Lifetime, 5-year guarantee
- 4. Anentrepreneurintends to sell his product for 6.4$ each. The daily cost or expenses can be expressed as x+9.1+.11x^2, wherexis the no. of product sold daily. Find the no. of products that will maximize the profit per day.pls both it is connected.Which of the following is not considered a current liability? A.Unearned Revenue B.The component of a twenty-year note payable due in year 20 C.Current portion of a noncurrent note payable D.Accounts Payable