Insurance Sales Question:
Download Job Interview Questions and Answers PDF
Explain what do you mean by term 'cash value'?
Answer:
'Cash Value' is the cash amount offered to the policy holder while cancelling the policy, where a portion of thepremium paid goes into saving plan. It is also referred as surrender value. This term is normally used for life Insurance contract.
Download Insurance Sales Interview Questions And Answers
PDF
| Previous Question | Next Question |
| Please tell us what do you know about our company? | Explain what is the difference between "revocable beneficiary" and "irrevocable beneficiary"? |