The Face Amount for a Particular Life Insurance Policy Is

question 137

Multiple Choice

The face amount for a particular life insurance policy is equal to

• A)the amount you would receive if you canceled the insurance policy.
• B)the sum of all past premiums.
• C)the sum of all past premiums minus dividends paid.
• D)the amount of death protection without accidental death benefits or reduction for policy loans.

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Definitions:

Alternative

A different or substitute option, course of action, or solution that is available or may be considered.

Readers

Individuals who read or interpret written material, such as books, articles, or digital content.

Decide

To make a choice or conclusion from among several options or pieces of information.

Memo

A written message, typically in a business context, used for internal communication among employees or departments.