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8 December, 10:14

Alice finds she no longer is able to pay premiums on her $50,000 Whole Life Policy, but needs that amount of protection for her family. Which non-forfeiture option provides this protection?

a. fixed amountb. reduced paid-upc. paid-up optiond. extended term

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  1. 8 December, 13:13
    0
    correct option is d. extended term

    Explanation:

    given data

    pay premiums = $50,000

    solution

    As extended Term will allow here the amount present cash value of the policies that is buy the single premium term policy

    it is the same face amount for the long time period

    and here Fixed Amount will be for Settlement Option

    and the Paid Up option will be Option Dividend Option

    so here correct option is d. extended term
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