The correct answer is: B. If a policyholder dies during the term of policy.
A death claim is payable if the policyholder dies during the term of the policy. This means that if the policyholder dies before the policy expires, the death benefit will be paid to the beneficiaries named in the policy.
Option A is incorrect because the death benefit is not payable if the policyholder dies after the maturity of the policy. The maturity date is the date on which the policy expires and the death benefit is no longer payable.
Option C is incorrect because the death benefit is not payable if the policyholder dies after surrendering the policy. Surrendering a policy means giving up the policy and receiving a cash value in return. The death benefit is not payable if the policy is surrendered.
Option D is incorrect because the death benefit is not payable if the insured dies after foreclosure of the policy. Foreclosure is a legal process that allows a lender to take possession of property if the borrower defaults on the loan. The death benefit is not payable if the policy is foreclosed.
I hope this helps! Let me know if you have any other questions.