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:

Closure

The psychological process of seeking resolution or conclusion to an ambiguous, incomplete, or unresolved issue.

Similarity

The state of being alike or sharing common features, often leading to attraction or cohesion in social relationships.

Self-Serving Bias

A common tendency to attribute one's successes to personal characteristics and failures to external factors.

Situational Attribution

The process of attributing a person's behavior to external or environmental factors, rather than to internal dispositions.