Multiple Choice
Which of the following statements is true?
A) The surrender value of a policy is the cash value received from the insurer if a policyholder surrenders the policy prior to maturity.
B) The surrender value of a policy is the cash value received from the insurer if a policyholder surrenders the policy at maturity.
C) The surrender value of a policy is the cash value received from the policyholder if the insurance company surrenders the policy prior to maturity.
D) The surrender value of a policy is the cash value received from the policyholder if the insurance company surrenders the policy at maturity.
Correct Answer:
Verified
Correct Answer:
Verified
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