Are you having trouble answering the question “Steve is diagnosed with inoperable cancer and learns that he has only a few months to live. He wants to take an extended vacation with his spouse and needs some immediate funds. He has held a whole life insurance policy for many years. Which of the following options would be the best source of funds, if Steve wants a lump-sum payment?”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.
Steve is diagnosed with inoperable cancer and learns that he has only a few months to live. He wants to take an extended vacation with his spouse and needs some immediate funds. He has held a whole life insurance policy for many years. Which of the following options would be the best source of funds, if Steve wants a lump-sum payment?
A) Steve cannot withdraw any cash value
B) Policy loan
C) Policy surrender
D) Accelerated benefit rider
Answer: Accelerated benefit rider
You should now have gotten the answer to your question “Steve is diagnosed with inoperable cancer and learns that he has only a few months to live. He wants to take an extended vacation with his spouse and needs some immediate funds. He has held a whole life insurance policy for many years. Which of the following options would be the best source of funds, if Steve wants a lump-sum payment?”, which was part of Insurance MCQs & Answers. Thanks for choosing us.
