Multiple Choice
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
Correct Answer:
Verified
Q9: Credit life is a form of decreasing
Q10: Match the descriptions with their terms:<br>-The _
Q11: Match the descriptions with their terms:<br>-_ is
Q12: Modified life generally is a type of
Q13: The life insurance contract that generally offers
Q15: Term insurance contracts generally do not have<br>A)
Q16: Match the descriptions with their terms:<br>-_ is
Q17: An interest settlement option<br>A) keeps a policy
Q18: Match the descriptions with their terms:<br>-The _
Q19: Whole life is often referred to as