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D purchased a $100,000 Whole Life policy with an automatic premium loan provision 15 years ago. If she stopped paying premiums 2 years ago, which is the automatic non-forfeiture option that will have been exercised?
Options
a. Cash Surrender Value
b. Extended Term Option
c. Reduced Paid-up Insurance
d. No non-forfeiture option needs to be exercised.
Answer: D
The above question D purchased a $100,000 Whole Life policy with an automatic premium loan provision 15 years ago. If she stopped paying premiums 2 years ago, which is the automatic non-forfeiture option that will have been exercised?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
