Question 12 (1 point) Which of the following is NOT an option that companies use to determine the cash value to pay to policyowners upon policy surrender? The policyowner should receive nothing, because the sole function of the life insurance contract is to provide certain designated benefits in the event of death. Withdrawing policyowners should receive a surrender value that is as nearly as possible equivalent to their contribution to the funds the insurer, less the cost of protection received, insurers handling expenses, and perhaps a contribution to surplus. The policyowner should receive a return of all premiums paid (less dividends), plus interest at the contractual rate, less a pro rata share of assumed death claims. The policyowner should receive the value of the policy reserve. Question 13 (1 point) Disability Insurance benefits cover insureds who can no longer work due to a disability. The definition of disability is an importan part of the contract. Total disability is defined as when the insured cannot perform their own or any occupation when the insured takes a sick day from work when the insured cannot perform any occupation when the insured cannot perform their own occupation