WAEC - Insurance (2016 - No. 32)
surrender value is the amount payable if the insured
does not want to continue with the life policy
does not want to continue with car insurance
died when a policy is valid
died when a policy is not valid
Giải thích
'Surrender Value' It is the amount the policyholder will get from the life insurance company if he decides to exit the policy before maturity, usually a whole life policy.