Bonuses do not reflect the investment performance of the insurer
The method for arriving at surrender value is not easily visible
Cash value component is well defined
None of the above
✅ The correct answer is C.
In respect of Traditional cash value plans, Cash value component is not well defined. Cash value life insurance is a form of permanent life insurance that features a cash value savings component.
In respect of Traditional cash value plans, Cash value component is not well defined. Cash value life insurance is a form of permanent life insurance that features a cash value savings component.