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The Cash Value Option Allows the Insured

Question 14

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.

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