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face amount reduces and the policy is made for paid-up value

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โˆ™ 2012-03-14 10:20:02
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Q: When a life insurance policy is cancelled and the insured selects term nonforfeiture the cash value of the policy will be used to purchase term insurance what happens to the face amount?
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IT IS REDUCED TO THE AMOUNT OF WHAT THE CASH VALUE WOULD BUY AS A SINGLE PREMIUM


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