Management Notes

Reference Notes for Management

What does a Face Amount Plus Cash Value Policy pay upon the insured’s death?

What does a Face Amount Plus Cash Value Policy pay upon the insured's death?

What does a Face Amount Plus Cash Value Policy pay upon the insured’s death?

 Options:

  1. Face amount plus the policy’s cash value
  2. Face amount plus the policy’s dividends
  3. The greater amount of the policy’s death benefit or the cash value
  4. Face amount plus total premium paid throughout the life of the policy

The Correct Answer Is:

a. Face amount plus the policy’s cash value

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