Under what nonforfeiture option does the company pay the policy’s surrender value and have no further obligations to the policyowner?

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Under what nonforfeiture option does the company pay the policy’s surrender value and have no further obligations to the policyowner?

Answer: Cash surrender

The above question Under what nonforfeiture option does the company pay the policy’s surrender value and have no further obligations to the policyowner?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.

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