Q.

Explain the Concept of Surrender-Value.

A. Maximum Compensation, Available Under Policy.
B. Cash-Value, Associated with the Policy, in Case, the Premiums have been Paid, for 3 Years, at least.
C. Minimum Compensation, Available Under the Policy.
D. Compensation, Available Under the Policy, At Any Given Point of Time.
Answer» B. Cash-Value, Associated with the Policy, in Case, the Premiums have been Paid, for 3 Years, at least.
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Insurance Exam (LIFE)

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