[amp_mcq option1=”The policy should have loan value” option2=”The policy must not have acquired surrender value” option3=”Either A or B” option4=”Neither A nor B” correct=”option1″]<\/p>\n
The correct answer is: Neither A nor B.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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 the policy will continue to build cash value.<\/p>\n
Here is a brief explanation of each option:<\/p>\n
[amp_mcq option1=”The policy should have loan value” option2=”The policy must not have acquired surrender value” option3=”Either A or B” option4=”Neither A nor B” correct=”option1″]<\/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-32584","post","type-post","status-publish","format-standard","hentry","category-insurance","no-featured-image-padding"],"yoast_head":"\n