surrender value is the amount payable if the insured
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option A
Explanation:
'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.
'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.