In order for the policy to acquire a guaranteed surrender value, for how long must the premium be paid as per law?

A. Premiums must be paid for least 2consecuitve years

B. Premiums must be paid for least 3consecuitve years

C. Premiums must be paid for least 4consecuitve years

D. Premiums must be paid for least 5consecuitve years

Answer: Option B

Solution(By Examveda Team)

In order for the policy to acquire a guaranteed surrender value, Premiums must be paid for at least 3 consecuitve years the premium be paid as per law.