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WASSCE
Mr Biu has been paying the premium of a straight Life Assurance policy for several years. The surrender value of the policy is the amount that
A.
would be paid to Mr. Biu if he should discontinue with the policy
B.
would be paid to Mr. Bui's beneficiary if he dies
C.
is paid annually by Mr. Biu's to the insurance company
D.
the amount Mr. Biu has paid plus interest
Answer: A
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