Which of the following will generally be deducted from the cash value to determine the amount that a policyholder would receive?
A) the current balance of unpaid loans,
B) interest credited to the cash value in excess of the guaranteed minimum,
C) a forfeiture penalty,
D) unrecovered administrative expenses.
Correct Answer:
Verified
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
Q40: The cash value option allows the insured
A)
Q41: The waiver of premium benefit does not
Q42: Which of the following is a true
Q43: Which of the following statements is true
Q45: Term insurance contracts generally do not have
A)
Q46: A spendthrift trust provision involves
A) an agreement
Q47: An automatic premium loan provision is designed
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents