American_Bankers_Association
CTFA · Question #330
__________ is the accumulated refundable value of an insurance policy; results from the investment earnings on paid-in insurance premiums.
The correct answer is A. Cash value. See the full explanation below for the reasoning.
Investment Management
Question
__________ is the accumulated refundable value of an insurance policy; results from the investment earnings on paid-in insurance premiums.
Options
- ACash value
- BNonforefeiture right
- CDecreasing term policy
- DContinuous premium
How the community answered
(41 responses)- A71% (29)
- B7% (3)
- C5% (2)
- D17% (7)
Topics
#cash value#whole life insurance#investment earnings#insurance premiums
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