the worth of a life assurance policy before its maturity date is?
COMMERCE
WAEC 2016
the worth of a life assurance policy before its maturity date is?
- A. residual value
- B. surrender value
- C. accrued value
- D. assured value
Correct Answer: A. residual value
Explanation
Residual value insurance helps companies manage asset value risk by guaranteeing that a properly maintained asset will have a specified value at a future date. Residual value insurance is used to guarantee the value of an asset at a specific date in the future.
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