What happens when a policy is surrendered for its cash value?

Insurance

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What happens when a policy is surrendered for its cash value?

a)The policy can be reinstated by paying back all policy loans and premiums.

b)The policy can be converted to term coverage.

c)Coverage ends and the policy cannot be reinstated.

d)Coverage ends but the policy can be reinstated at any time.

Answer: c)Coverage ends and the policy cannot be reinstated.

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