Ask Question
10 January, 17:06

Which of the following non options would be automatically implemented by the insurer of the other options has been selected by the policyowner?

A. Reduced paid-up insurance

B. Cash surrender value

C. Interest only

D. Extended form

+4
Answers (1)
  1. 10 January, 20:13
    0
    D. Extended form

    Explanation:

    The extended form is a non forfeiture option which is included to extend the coverage for a limited period of time upon the failure of the policy holder to pay the premiums. Here, the policy holder stops to pay the premiums but keeps the full amount of the policy in force for whatever term the cash value permits.

    It is the default non-forfeiture option that is, it is automatically implemented.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following non options would be automatically implemented by the insurer of the other options has been selected by the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers