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

A. residual value

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.