Author Question: The nonforfeiture clause ensures that A) cash value is protected by financial reserves. B) ... (Read 31 times)

pragya sharda · **on:** Jul 11, 2018

The nonforfeiture clause ensures that

A)

cash value is protected by financial reserves.
B)

sales commissions are paid in the event of a prematurely terminated policy.
C)

you do not lose the cash value of the policy if you cease making payments.
D)

beneficiaries do not have to forfeit the proceeds to other claimants on the death estate.

Question 2

Indemnification

A)

means that the insurance proceeds will return you to your pre-loss financial status.
B)

permits the insurance company to sue you for negligence.
C)

means that your insurance company has first claim on any court-awarded damages.
D)

applies only on life insurance covering the entire family.