人寿保单条款第 411 / 716 题
Under the 'reduced paid-up' nonforfeiture option, the policyowner uses the cash value to obtain:
a.A lifetime annuity beginning immediately
b.A smaller amount of fully paid-up permanent insurance with no further premiums due
c.Term insurance equal to the original full face amount that runs for a limited number of years
d.The entire cash value paid out in a single lump sum
解析
The reduced paid-up option converts the existing cash value into a single premium for a smaller amount of permanent insurance that is completely paid up, so coverage continues for life with no more premiums. Taking the cash in a lump sum is the cash surrender option. Term insurance for the full face amount is the extended term option. A lifetime annuity is not a nonforfeiture option. Reduced paid-up keeps permanent coverage in force at a lower face amount without ongoing payments.
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同考点相关题目
- The 'entire contract' provision in a life insurance policy states that the complete agreement between the parties consists of:
- 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 'extended term' nonforfeiture option, the policy's cash value is used to purchase:
- 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:
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审核人 John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — 核实)