Traditional cash value plans
Non-traditional plans
Both A & B
None of the above
✅ The correct answer is A.
Traditional cash value plans have several limitations. If you want to cash in your life insurance early and surrender your coverage to the insurer, you will receive the policy’s cash value minus fees.
Traditional cash value plans have several limitations. If you want to cash in your life insurance early and surrender your coverage to the insurer, you will receive the policy’s cash value minus fees.