The cash value option allows the insured
A) to receive in cash the present value of the face amount of the policy based on the life expectancy of the insured,
B) to surrender the policy for the accumulated cash value,
C) to collect the death benefits in a lump sum,
D) to be assured that the lump-sum option will be selected by the policy beneficiary.
Correct Answer:
Verified
Q35: Death benefits are likely to fluctuate over
Q36: Which of the following is not a
Q37: Which of the following statements is true
Q38: If a policy loan on the cash
Q39: An interest settlement option
A) keeps a policy
Q41: The waiver of premium benefit does not
Q42: Which of the following is a true
Q43: Which of the following statements is true
Q44: Which of the following will generally be
Q45: Term insurance contracts generally do not have
A)
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