Disposiciones de Pólizas de VidaPregunta 412 de 716
Under the 'extended term' nonforfeiture option, the policy's cash value is used to purchase:
a.Paid-up dividend additions
b.An immediate life annuity
c.A smaller amount of paid-up permanent insurance that stays in force for the insured's whole life
d.Term insurance for the same face amount for as long as the cash value will provide it
Explicación
The extended term option uses the net cash value as a single premium to buy term insurance equal to the original face amount, lasting for whatever period that amount of cash value will fund. A smaller paid-up permanent policy is the reduced paid-up option. An annuity and paid-up additions are not nonforfeiture choices (paid-up additions are a dividend option). Extended term is frequently the automatic (default) nonforfeiture option if the owner makes no election.
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Preguntas relacionadas de este tema
- To reinstate a lapsed life insurance policy under the reinstatement provision, the policyowner generally must:
- The automatic premium loan provision helps prevent a policy from lapsing by:
- Under the 'reduced paid-up' nonforfeiture option, the policyowner uses the cash value to obtain:
- The dividend option that applies dividends to buy small amounts of additional permanent, paid-up coverage is called:
- Under the 'accumulation at interest' dividend option, the interest credited on the accumulated dividends is:
- Under the 'interest only' settlement option, the insurer:
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)