Exam (elaborations)
NEBRASKA LIFE AND HEALTH EXAM 2024 WITH 100% CORRECT ANSWERS
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A deferred annuity is surrendered prior to annuitization. Which of the following best describes the nonforfeiture value of the annuity? a. The surrender value should be equal to 100% of the premium paid, minus any prior withdrawals and surrender charges. b. A deferred annuity cannot be surrendered ...
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