In respect of Traditional cash value plans, which is incorrect:-

A. Bonuses do not reflect the investment performance of the insurer

B. The method for arriving at surrender value is not easily visible

C. Cash value component is well defined

D. None of the above

Answer: Option C

Solution(By Examveda Team)

In respect of Traditional cash value plans, Cash value component is not well defined. Cash value life insurance is a form of permanent life insurance that features a cash value savings component.