Final answer:
Extended term insurance provides coverage for the longest period of time among non-forfeiture options in insurance.
Step-by-step explanation:
There are three main non-forfeiture options in insurance: cash surrender value, extended term insurance, and reduced paid-up insurance. Among these options, extended term insurance provides coverage for the longest period of time.
Extended term insurance allows the policyholder to use the cash value of their policy to purchase a term insurance policy that has the same death benefit as the original policy. The length of coverage depends on the cash value accumulated in the original policy.
For example, if a policyholder has accumulated $10,000 in cash value and the cost of the term insurance is $1,000 per year, the coverage will last for 10 years.
The Incomplete Question:
Which non-forfeiture option provides coverage for the longest period of time?
a) Paid-up option b) Accumulated at interest c) Reduced paid-up d) Extended term