What are the 3 Nonforfeiture options in life insurance policies?
Life insurance policyholders can select one of four nonforfeiture benefit options: the cash surrender value, extended term insurance, loan value, and paid-up insurance.
Which of the following is not a nonforfeiture option?
All of the following are nonforfeiture options, EXCEPT: Accumulate at interest is a dividend option. Which of the following provisions allows a life insurance policy to continue beyond the grace period when a premium is overdue and not paid?
Which of these is not considered to be a nonforfeiture option in a while life insurance policy?
Which of these is NOT considered to be a nonforfeiture option in a whole life insurance policy? Interest only. Cash surrender, extended term insurance, and reduced paid-up insurance are all exceptions.
Which of the following is an example of a non forfeiture option?
Nonforfeiture values include cash surrender, extended term and reduced paid-up.
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- which of these is not a common life insurance nonforfeiture option quizlet