All of the Following Are Nonforfeiture Options Found in Cash

question 61

Multiple Choice

All of the following are nonforfeiture options found in cash value life insurance policies EXCEPT

• A)cash value.
• B)reduction of premiums.
• C)reduced paid-up insurance.
• D)extended term insurance.

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Definitions:

Test Statistic

A value calculated from sample data to evaluate a hypothesis in statistical hypothesis testing.

Sampling Distribution

The probability distribution of a statistic (for example, a mean, variance) obtained from a large number of samples drawn from a specific population.

Confidence Interval

A span of numbers obtained from sample data which is expected to encompass the value of a not yet known population characteristic, specified with a defined degree of certainty.

Degrees Of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution or calculation, affecting the shape of the distribution.