Multiple choice general knowledge

Give the formula for Cash surrender value?

  1. Cash values + Surender charges - o/s policy loans

  2. Cash values * Surender charges + o/s policy loans

  3. Cash values - Surender charges + o/s policy loans

  4. Cash values - Surender charges

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Cash surrender value equals the accumulated cash value minus any surrender charges the insurance company deducts, plus any outstanding policy loans that must be repaid. Option C correctly shows this formula. Option A incorrectly adds surrender charges, and Option D omits policy loans entirely.