[amp_mcq option1=”Legal value” option2=”Money value” option3=”Policy value” option4=”Paid-up value” correct=”option4″]<\/p>\n
The correct answer is: D. Paid-up value<\/strong>.<\/p>\n A policy can be surrendered only if it has acquired paid-up value. Paid-up value is the amount of money that an insurance company will pay if a policy is surrendered before the end of the term. The paid-up value is usually less than the face value of the policy, but it can be more if the policy has accumulated a lot of cash value.<\/p>\n The other options are incorrect because:<\/p>\n [amp_mcq option1=”Legal value” option2=”Money value” option3=”Policy value” option4=”Paid-up value” correct=”option4″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[],"class_list":["post-32155","post","type-post","status-publish","format-standard","hentry","category-insurance","no-featured-image-padding"],"yoast_head":"\n\n