Multiple choice general knowledge

Mention the provisions unique to cash value policy?

  1. Free Look & Grace period

  2. Policy loan & Policy withdrawal

  3. Policy withdrawal & incontestability

  4. Grace period & reinstatement
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Cash value policies uniquely allow policyholders to borrow against their accumulated cash value (policy loan) or withdraw funds directly (policy withdrawal). Options A, C, and D list provisions that apply to all policies, not just cash value policies. Grace periods, free look periods, reinstatement, and incontestability are standard across most life insurance contracts.

Keep practicing — related questions