The correct answer is B. Surrender Value.
A surrender value is a cash amount that an insurance company may pay to a policyholder who cancels or surrenders a life insurance policy before the policy matures. The surrender value is typically based on the amount of premiums that have been paid into the policy, the age of the policyholder, and the type of policy.
A forfeiture is the loss of all or part of the benefits of an insurance policy if the policyholder fails to pay the premiums.
An intermediate claim is a claim that is made on an insurance policy before the policy matures. Intermediate claims are typically for smaller amounts than claims that are made after the policy matures.
A lapse is the cancellation of an insurance policy because the policyholder has failed to pay the premiums.