Lionel purchased a $200,000 ordinary life insurance policy when he was 25 years old and had significant life insurance needs
Now Lionel is 50. His mortgage is almost paid-off and his children have left home and are financially independent. Lionel no longer wants to pay premiums, but he would like to have some permanent life insurance in force. Which nonforfeiture option could Lionel employ to meet these objectives?
A) cash value
B) reduced paid-up insurance
C) paid-up additions
D) extended term insurance
Answer: B
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Indicate whether the statement is true or false
When Goodyear began selling its popular tire brands through Sears, Walmart, and Discount Tire, independent dealers that sold the same tires at higher prices were angry. This is an example of a(n) ________ conflict
A) horizontal B) vertical C) intermediate D) multichannel E) parallel