The policy should have loan value
The policy must not have acquired surrender value
Either A or B
Neither A nor B
Answer is Right!
Answer is Wrong!
The correct answer is: Neither A nor B.
A special revival is a process that allows you to revive a life insurance policy that has lapsed. To be eligible for special revival, the policy must have been in force for at least two years and must have a cash surrender value. The policy must also be in good health and must not have any outstanding loans.
If you are eligible for special revival, you will need to pay a reinstatement fee and any back premiums that are owed. You will also need to provide evidence of insurability, such as a medical exam.
Once the policy is revived, it will be reinstated as if it had never lapsed. You will be able to continue making premium payments and
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