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Whole life policies accrue a cash value that the insurer must surrender to the policyholder if the policy does not remain in force until the policyholder's death. The actual cash value payable to the policyholder in this circumstance would be:
A. Plus any surrender charges
B. Plus policy repayments outstanding
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Answer: D

NEW QUESTION: 2
Which two statements are true about NSR? (Choose two.)
A. NSR requires graceful restart to function properly
B. NSR requires GRES to function properly.
C. NSR requires redundant REs.
D. NSR requires only one RE.
Answer: B,C

NEW QUESTION: 3
The Hardware Store ordered ten lawn mower from the manufacturer and just before shipping the manufacturer found one to have a motor that wouldn't start. For the manufacturer this would be categorized as what type of cost?
A. Appraisal Costs
B. Internal Failure Costs
C. Prevention Costs
D. External Failure Costs
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