All states have nonforfeiture laws that require the payment of a cash-surrender value when a cash-value policy
Question:
a. Cash-value option
b. Reduced paid-up insurance
c. Extended term insurance
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a If a cash value policy is purchased the policyholder pays more than is actuarially necessary for t...View the full answer
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Related Book For
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara
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