QQuestionArt
QuestionArt
Which nonforfeiture option provides coverage for the longest period of time?
A. Extended term
B. Paid-up option
C. Accumulated at interest
D. Reduced paid-up
6 months agoReport content
Answer
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Step 1I'll solve this insurance policy nonforfeiture option problem step by step:
Step 2: Understand Nonforfeiture Options
Nonforfeiture options are alternatives available to a policy owner when they stop paying premiums on a life insurance policy. These options allow the policyholder to preserve some value of their policy.
Final Answer
Extended Term option provides coverage for the longest period of time.
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