Typically,when one borrows from his or her cash value in a life insurance policy,

Name: Typically,when one borrows from his or her cash value in a life insurance policy,
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Question

Quizplus · Accepted Answer

When someone borrows from the cash value in their life insurance policy, only the guaranteed minimum rate is paid on the remaining nonborrowed cash value. The proceeds paid to a beneficiary are indeed unchanged, but interest is charged on the loan. Therefore, option C is the best choice.

Typically,when One Borrows from His or Her Cash Value in a Life