Which of the Following Is Not a Nonforfeiture Option

question 1

Multiple Choice

Which of the following is not a nonforfeiture option?

• A)Cash Surrender.
• B)Extended loan.
• C)Extended Term.
• D)Reduced Paid-up.

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Definitions:

Interest Accrual

The accumulation of interest on a loan or investment over time, which has been earned but not yet paid.

Common Stock Warrants

Certificates granting the holder the right to purchase common stock at a specified price within a certain period of time.

Additional Paid-In Capital

Represents the amount of money shareholders have invested in a company above the nominal value of the shares.

Exercise

A physical or mental activity performed for the purpose of maintaining health and fitness or a procedure undertaken to achieve a skill through practice.