the worth of a life assurance policy before its maturity date is?
-
A.
residual value -
B.
surrender value -
C.
accrued value -
D.
assured value
Correct Answer: Option A
Explanation
Residual value insurance helps companies manage asset value risk by guaranteeing that a properly maintained asset will have a specified value at a future date. Residual value insurance is used to guarantee the value of an asset at a specific date in the future.