Assignment: Life Insurance Policies

Assignment: Life Insurance Policies

Assignment: Life Insurance Policies


Week 2 Quiz

FIN/420 Week 2 Quiz

  1. An increase in the value of a home is called
  • Depreciation
  • amortization
  • equity
  • appreciation
  1. Which of the following is not true regarding loans based on the cash values built up in cash-value life insurance policies?
  • Insurance companies do not pressure borrowers to repay the debt.
  • The interest rates are low, ranging from 4 to 6 percent.
  • Many people fail to pay back such loans because no fixed schedule of repayment is established.
  • Should the insured person die before repaying the loan, the life insurance company will forgive the loan.
  1. Which of the following sets NOW accounts apart from other checking accounts?
  • They pay interest.
  • They can be accessed by a debit card.
  • They are safer.
  • They are time deposits.
  1. The APR can be used to compare credit contracts with different time periods, finance charges, repayment schedules, and amounts borrowed.
  • True
  • False
  1. The contract supporting an installment loan is called a(n)
  • Garnishment
  • Indenture
  • chattel note
  • promissory note
  1. Most younger people rent but 80 percent of those aged 55-64 are homeowners.
  • True
  • False


  1. The term cooperative describes a method of ownership for housing rather than a type of building.
  • True
  • False
  1. Which of the following is the best advice for people who want to start saving regularly?
  • Marry in haste, respect at leisure.
  • Pay yourself first.
  • There’s no fool like an old fool.
  • Fools and their money are soon parted.
  1. Offers to purchase and counteroffers are all part of the negotiating process in buying a house.
  • True
  • False
  1. Consumer installment loans typically are made with a fixed interest rate.
  • True


Assignment Policies



Please read all of the information about the assignments below:


The assignments are to be done in Microsoft Word with Times New Roman 12- point font. Each assignment should use the modified APA 6th edition format. The assignment templates are set up in this modified format. The reference page should be in the APA format for every reference. The word requirement for the assignments are specifically stated in the guidelines of the assignment. The word count is from the first word of the introductory paragraph to the last word of the conclusion paragraph. FYI.


1- There should be a cited reference for each section of a paper as there are conclusion statements in each section (to meet the grading criteria) so the conclusion should be supported by a reference as the assignments are evidence-based research, clinical papers.

2- Word Count- The word count is done from the first word of the introductory paragraph to the last word of the conclusion. The word count must be within the minimum and maximum word limit stated in the assignment instructions. A 10% – point reduction will be made in the total points for the assignment.

Week 1 and 5 assignments should have SIX studies. Week 5 assignment is a compilation of sections from the week 1, 2 & 3 assignments.

Weeks 2 and 3 need to have at least THREE studies in the form of research studies. Please make sure that you look at the instructions for the assignment as well as the grading rubric. I have also provided templates for ALL assignments. It is in your best interest to use these as it will guide you so that you do not make common formatting errors.


Please utilize the resources in the STUDENT SUCCESS CENTER if you have difficulty with APA 6th Edition format, grammar, sentence structure, punctuation or tense structure.


Always submit the assignment in the drop box for that assignment. I cannot accept any assignment as an attachment to an email sent to my college email. Attaching it to a posting to the Questions to Instructor Forum or the Individual Forum is also not accepted.

I cannot grade any assignment unless it is placed into the drop box by the student per university policy.

Turn-It-In / Lopes Write

This is to be used for the assignments for these three weeks (2, 3 & 5) and it is NOT required for Week 1. All assignments will be placed through Turn It In first and then submitted in the drop box on the course shell. No assignments will be accepted as attachments to emails as this is not the university policy.

Grading Rubric-

The rubric for each assignment is found in the upper right- hand corner of the assignment page under the Forum Tab. Compare the requirements of the rubric with your paper prior to submission into the drop box so you will receive full credit for all graded criteria of the paper.

Late Assignment-

Any assignment that is late will have 10% deducted each day it is late. This is a 5- week class. It is imperative that you ask for help if you are having difficulty with an assignment.

You need to contact me as soon as possible if an assignment will be late prior to the submission deadline.