Which of the Following Is a Standard Nonforfeiture Option

question 17

Multiple Choice

Which of the following is a standard nonforfeiture option?

• A)paid-up additions
• B)life income
• C)extended term insurance
• D)reduction of premiums

---

Definitions:

Leading Indicator

A measurable economic factor that changes before the economy starts to follow a particular pattern or trend, used to predict changes in economic activity.

BSC Performance Perspectives

A strategic planning and management system that organizations use to communicate what they are trying to accomplish, align the day-to-day work, and prioritize projects, products, and services.

Lagging Indicator

A metric that shows the performance of an economy, industry, or company after the fact and confirms trends rather than predicting them.

Cognitive Bias

Systematic patterns of deviation from norm or rationality in judgment, whereby inferences about other people and situations may be drawn in an illogical fashion.