The ________ Is the Right of the Policyholder to Choose

question 88

Multiple Choice

The ________ is the right of the policyholder to choose to receive the policy's cash value in exchange for the policyholder giving up his or her right to a death benefit.

• A)nonforfeiture right
• B)cash exchange right
• C)cash-out privilege
• D)residual cash right
• E)none of the above