{"id":32613,"date":"2024-04-15T09:04:18","date_gmt":"2024-04-15T09:04:18","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=32613"},"modified":"2024-04-15T09:04:18","modified_gmt":"2024-04-15T09:04:18","slug":"surrender-value-is-a-age-of-_________","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/surrender-value-is-a-age-of-_________\/","title":{"rendered":"Surrender value is a %age of _________"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Human life value&#8221; option2=&#8221;Loan value&#8221; option3=&#8221;Paid up value&#8221; option4=&#8221;Monetary value&#8221; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is: C. Paid up value.<\/p>\n<p>Surrender value is the amount of money that an insurance company will pay you if you cancel your policy before it matures. It is usually a percentage of the paid-up value of the policy, which is the amount of money that you would have if you had paid all of the premiums and allowed the policy to mature.<\/p>\n<p>The other options are incorrect because:<\/p>\n<ul>\n<li>Human life value is the value of a person&#8217;s life, which is not something that can be calculated or insured.<\/li>\n<li>Loan value is the amount of money that an insurance company will lend you against the value of your policy.<\/li>\n<li>Monetary value is the value of something in terms of money, which is not necessarily the same as its surrender value.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Human life value&#8221; option2=&#8221;Loan value&#8221; option3=&#8221;Paid up value&#8221; option4=&#8221;Monetary value&#8221; correct=&#8221;option3&#8243;]<\/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-32613","post","type-post","status-publish","format-standard","hentry","category-insurance","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Surrender value is a %age of _________<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/surrender-value-is-a-age-of-_________\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Surrender value is a %age of _________\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Human life value&#8221; 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