The cash value on a life insurance policy is
A) equal to the savings generated during the existence of the policy contract.
B) equal to the surrender value.
C) equal to the market value of the insurance policy.
D) equal to the amount borrowed against the face amount on the insurance policy.
Correct Answer:
Verified
Q25: A premium is
A)the increase in cash value
Q26: If a life insurance policy is renewable,
A)the
Q27: The premium on a life insurance policy
Q28: For tax purposes a life insurance dividend
Q29: Which policy pays out at the first
Q31: Only a few stock life insurance companies
Q32: The "beneficiaries" named on an insurance policy
Q33: A "single" life policy
A)only covers one life.
B)only
Q34: A viatical company
A)sells whole life insurance.
B)sells only
Q35: A survivorship joint life policy pays out
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