The amount the assured receives if he decides to discontinue the life policy is known...

COMMERCE
WAEC 2006

The amount the assured receives if he decides to discontinue the life policy is known as

  • A. refund value
  • B. net value
  • C. surrender value
  • D. sum assured

Correct Answer: C. surrender value



Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *
Add Math
Don't want to keep filling in name and email whenever you make a contribution? Register or login to make contributing easier.