What Happens When Whole Life Insurance Expires

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If you are looking for the answer of what happens when whole life insurance expires, you’ve got the right page. We have approximately 10 FAQ regarding what happens when whole life insurance expires. Read it below.

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if you break a magnet into face what will happen

Ask: if you break a magnet into face what will happen to the force that will be expired by the magnet when in use​

Answer:

You can think of a magnet as a bundle of tiny magnets, called magnetic domains, that are jammed together. Each one reinforces the magnetic fields of the others. Each one has a tiny north and south pole. If you cut one in half, the newly cut faces will become the new north or south poles of the smaller pieces.

Explanation:

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what adjusting entry- prepaid insurance has expired​

Ask: what adjusting entry- prepaid insurance has expired​

Answer:

As the amount of prepaid insurance expires, the expired portion is moved from the current asset account Prepaid Insurance to the income statement account Insurance Expense. This is usually done at the end of each accounting period through an adjusting entry.

Journal Entries

As the insurance expires over time, companies debit the expense account of expired insurance and credit prepaid insurance to reduce the balance in the asset account. At the end of the insurance term, the account of prepaid insurance should have a zero balance.

what happen if drink expired milk?​

Ask: what happen if drink expired milk?​

Answer:

Potential side effects of drinking expired milk:

  • While a sip of spoiled milk is unlikely to cause any harm, drinking moderate to large amounts could cause food poisoning and result in symptoms such as vomiting, stomach pain, and diarrhea.
  • However, even if you can get past the unpleasant taste, drinking spoiled milk isn’t a good idea. It can cause food poisoning that may result in uncomfortable digestive symptoms, such as stomach pain, nausea, vomiting, and diarrhea.
  • But as long as milk has been properly refrigerated, it should be still drinkable up to a week past the date label — and maybe up to two weeks, depending on the temperature of your refrigerator. Generally, as long as the milk smells and looks OK, it’s probably still safe to consume.

Explanation:

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what happen after the expiration of carper?​

Ask: what happen after the expiration of carper?​

Answer:

answer your own question I don’t know

What happens when u eat mango that is expired

Ask: What happens when u eat mango that is expired

Answer:

☞ When you eat Mango that is expired, you get a stomach ache. Mango, like a lot of other fresh fruits, usually do not have a use by date or a best by date so you will have to use the date purchased or date picked.

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what would happen when policy is not used after a

Ask: what would happen when policy is not used after a year or in a contract of period in health insurance

Answer:

because saying in the people be safe and careful

Whole life insurance definition in your own words?

Ask: Whole life insurance definition in your own words?

Answer:

Definition of whole life insurance

: a type of life insurance that costs the same as long as the insured person is alive and that pays benefits to survivors when the person has died.

Explanation:

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Wlhat happen to you when you eat an expired food?

Ask: Wlhat happen to you when you eat an expired food? ​

WHAT WILL HAPPEN TO YOU WHEN YOU EAT AN EXPIRED FOOD?

ANSWER:

If you do eat a food past the expiration date is spoiled, you could develop symptoms of food poisoning.

Food poisoning symptoms can begin as quickly as four hours or as long as 24 hours after eating contaminated food. People who eat the same contaminated food, say at a picnic or barbecue, will usually get sick about the same time.

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what will happen when only one factor was changed at

Ask: what will happen when only one factor was changed at a time while keeping other conditions the same in an expirement​

Answer:

To insure that your experiment is a fair test, you must change only one factor at a time while keeping all other conditions the same. Scientists call the changing factors in an experiment variables. The independent variable is the one that is changed by the scientist.

Explanation:

The entry to record the 1 month expired portion of

Ask: The entry to record the 1 month expired portion of the insurance paid in advance is?
Select one:

a.
dr prepaid insurance cr cash

b.
dr insurance expense cr prepaid insurance

c.
dr cash cr insurance

Question:

The entry to record the 1 month expired portion of the insurance paid in advance is?

Choices:

A. Dr prepaid insurance cr cash

B. Dr insurance expense cr prepaid insurance

C. Dr cash cr insurance

Answer:

C. Dr cash cr insurance

Explanation:

  • Example of Prepaid Insurance
  • To illustrate prepaid insurance, let’s assume that on November 20 a company pays an insurance premium of $2,400 for insurance protection during the six-month period of December 1 through May 31. On November 20, the payment is entered with a debit of $2,400 to Prepaid Insurance and a credit of $2,400 to Cash.

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