The Surrender Value of an Insurance Policy Is

question 98

Multiple Choice

The surrender value of an insurance policy is

• A)its promised payoff.
• B)normally a portion of the contract's face value.
• C)its value upon bankruptcy.
• D)the value of the junk bonds in the insurance company's portfolio.
• E)its holdup value.

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Definitions:

Thrill

Continuous palpable sensation like the purring of a cat.

Skin Turgor

The skin's elasticity or its ability to change shape and return to normal, often used to assess hydration or the health of the skin.

Grasp

The act of seizing, holding, or obtaining an object or concept with the hand, mind, or understanding.

Sternal Area

the region located in the middle of the chest, overlying the sternum bone, which is significant in medical assessments for its proximity to the heart and lungs.