Whole life policies accrue a cash value that the insurer must surrender to the policyholder if the policy does not remain in force until the policyholder's death. The actual cash value payable to the policyholder in this circumstance would be:

Question

Quizplus · Accepted Answer

The cash value payable is reduced by any surrender charges and any outstanding policy loans or repayments.

Whole Life Policies Accrue a Cash Value That the Insurer