Q159
Which of the following plans have several limitations?
A.
Traditional cash value plans
AnswerB.
Non-traditional plans
C.
Both A & B
D.
None of the above
Answer: Option A
Solution
Answer: Option A
Solution:
Traditional cash value plans have several limitations. If you want to cash in your life insurance early and surrender your coverage to the insurer, you will receive the policy's cash value minus fees.