[amp_mcq option1=”Investment value excluding interest” option2=”Loan value” option3=”Paid-up value” option4=”Capital invested” correct=”option3″]
The correct answer is: C. Paid-up value.
Surrender value is the amount of money that an insurance company will pay you if you cancel your policy before it expires. It is usually a percentage of the policy’s paid-up value, which is the amount of money that you have paid into the policy plus any interest that has accrued.
The other options are incorrect because:
- Investment value excluding interest is the total amount of money that you have invested in the policy, minus any interest that has been paid out.
- Loan value is the amount of money that you can borrow from the insurance company against the value of your policy.
- Capital invested is the amount of money that you have actually paid into the policy.
I hope this helps!