Question

Why may the actual surrender value differ from the value mentioned in the policy?

a.

It depends on the type of insurance plan

b.

It is calculated based on age and health factors

c.

It includes accrued bonuses and recoveries

d.

It is determined by the insurance company's discretion

Answer: (c).It includes accrued bonuses and recoveries Explanation:The actual surrender value may differ from the value mentioned in the policy because it includes accrued bonuses, recoveries, and other factors.

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Q. Why may the actual surrender value differ from the value mentioned in the policy?

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