Choose the Option(s)available in the Nonforfeiture Clause of a Cash-Value

question 41

Multiple Choice

Choose the option(s) available in the nonforfeiture clause of a cash-value life policy.

• A)Exchange the policy for a paid-up term policy of equal face value.
• B)Receive the policy's cash value.
• C)Retain rights to a death benefit.
• D)Exchange the policy's cash value for a paid-up policy with a reduced face value.
• E)A,B,and D above

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Definitions:

Osteoporosis

A medical condition characterized by the weakening of bones, making them fragile and more likely to break.

Marathon

A long-distance running race with an official distance of 42.195 kilometers (approximately 26.219 miles), usually run as a road race.

Sedentary

A lifestyle characterized by a lot of sitting and lying down with very little to no exercise, leading to various health risks.

Alcohol Drinks

Beverages containing ethanol, commonly known as alcohol, including beer, wine, and spirits.