Dorian exercised a nonforfeiture option by using his life policy’s cash value to purchase an extended term insurance option. When the term insurance expires ?

Insurance

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Dorian exercised a nonforfeiture option by using his life policy’s cash value to purchase an extended term insurance option. When the term insurance expires ?

Options

a) he has the option of resuming the original policy and paying the same premium
b) the coverage can be extended with a lump sum payment
c) all remaining cash values are paid to the policyowner
d) the protection ends

Answer: d) The protection ends

The above question Dorian exercised a nonforfeiture option by using his life policy’s cash value to purchase an extended term insurance option. When the term insurance expires ?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.