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This question belongs to Commerce Insurance

Insurance

?

Which is correct?

A) It is easy to know cash value and savings value components in a traditional plan B) In a traditional life insurance it is not easy to ascertain the rate of return C) Surrender value can easily be arrived at in such policies D) Rate of return is always high in such policies

Answer & Solution

Correct Answer: Option B

It is easy to know cash value and savings value components in a traditional plan. Cash value life insurance is a form of permanent life insurance that features a cash value savings component.

Question posted by Examveda

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