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maksim [4K]
2 years ago
7

67. A provision in a whole life policy that allows a policy owner to terminate the policy in return for a reduced paid-up policy

of the same type is called a?
Business
1 answer:
butalik [34]2 years ago
3 0

Answer:

nonforfeiture provision.

Explanation:

A nonforfeiture provision in a cash value life insurance policy allows a policy owner to terminate the policy in return for a reduced paid-up policy of the same type.) (A partial surrender allows the policyowner to withdraw the policy's cash value interest free.)

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<h3>What is blockbusting?</h3>

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