What is the nonforfeiture value of an annuity before annuitization?

Insurance

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What is the nonforfeiture value of an annuity before annuitization?

Options

a) All premiums paid
b) All premiums paid plus interest
c) All premiums paid minus any withdrawals and surrender charges
d) All premiums paid, plus interest, minus any withdrawals and surrender charges

Answer: d) All premiums paid, plus interest, minus any withdrawals and surrender charges

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