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Any life insurance policy that has cash value must have which required provision? a. dividend b. nonforfeiture c. conversion d. waiver of premium

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1 vote

Answer:

The required provision for a life insurance policy that has cash value is **b. nonforfeiture**. Nonforfeiture provisions are designed to ensure that if the policyholder stops paying premiums, they will still receive some value from the policy, either in the form of a reduced paid-up policy, extended term insurance, or a cash surrender value. This provision helps protect the policyholder's investment in the policy.

Step-by-step explanation:

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User Junchen
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