Question 11007 of 287 · Texas Life, Accident and Health Agent Exam
The Texas standard nonforfeiture law requires that a life insurer offer
Exactly one answer is correct.
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Correct answer to question 11007
- D: minimum cash surrender, reduced paid-up, or extended term values for policies with cash values
Explanation
The law protects policyowners who stop paying premiums by guaranteeing minimum values after a certain number of years.
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