If a policy is purchased with the intention of being surrendered for its cash value at a specified time, the most appropriate cost comparison method would be

Question

Quizplus · Accepted Answer

The surrender cost index is the most appropriate cost comparison method for a policy intended to be surrendered for its cash value at a specified time. This index helps in comparing the cost of surrendering policies by taking into account the cash surrender values and the premiums paid up to the point of surrender.

If a Policy Is Purchased with the Intention of Being