Insurance Flashcards
1
Q
Life insurance Policy Nonforfeiture Options
A
I. Cash
II. Reduced Paid-up insurance
III. Extended Term
2
Q
Life Insurance Policy Dividend Options
A
I. Cash
II. Reduced premium due
III. Accumulate with interest
IV. Paid-up additions
V. One-year term/5th dividend
3
Q
Life Insurance Policy Settlement Options
A
I. Cash
II. Interest only
III. Fixed period
IV. Fixed installment
V. 4 life income options
