Ask Question
23 January, 15:11

Which life insurance policy option allows the policyowner to have coverage equal to the net death benefit of the lapsed policy?

+4
Answers (1)
  1. 23 January, 16:00
    0
    The answer to this question is the Extended term non-forfeiture option. An Extended term non-forfeiture option is an insurance option where in the insured will be allowed to stop or quit paying his or her premiums but the equity of the policy will not be forfeited. In this option, the insured may choose an option that involves in the return of the portion of the premiums paid, a pre-termination value of the policy, or a reduced benefit of the insurance claim until the said policy will be lapsed.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which life insurance policy option allows the policyowner to have coverage equal to the net death benefit of the lapsed policy? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers