Điều khoản hợp đồng nhân thọCâu 565 / 716
Under the extended term nonforfeiture option, the policy's cash value is used to:
a.Purchase a smaller amount of paid-up permanent coverage
b.Continue the same face amount as term insurance for as long as the cash value will pay for it
c.Increase the death benefit above the original face amount
d.Provide the policyowner a lump-sum cash refund equal to the full face amount of the surrendered permanent policy
Giải thích
Extended term uses the cash value as a single premium to keep the same face amount in force as term insurance for a limited time. Buying a smaller paid-up amount is the reduced paid-up option, and a lump sum is cash surrender.
Luyện miễn phí toàn bộ 716 câu hỏi — không cần đăng ký.
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Câu hỏi liên quan cùng chủ đề
- An accelerated (living) death benefit rider allows the insured to receive part of the death benefit while still alive if the insured:
- A long-term care rider attached to a life insurance policy generally:
- A cost-of-living (COLA) rider on a life policy increases the:
- The reduced paid-up nonforfeiture option provides:
- The automatic premium loan provision prevents a policy from lapsing by:
- When a policyowner requests a cash-value loan, the insurer:
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Đội ngũ PrepPass · Đối chiếu với California Life & Health Insurance License Exam · Quy trình kiểm tra
Người kiểm duyệt John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — kiểm tra)