Policy loans on cash value insurance
A) are permitted only if the insured is likely to die within one year.
B) are typically made at rates substantially above those on unsecured personal loans.
C) are a convenient source of liquidity.
D) do not reduce the payout at time of death.
Correct Answer:
Verified
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Q51: Group mortgage life is most similar to
A)whole
Q53: Term insurance differs from whole life insurance
Q54: These two products provide decreasing death protection
Q55: Which of the following policies has little
Q56: With an adjustable life insurance policy,
A)you may
Q57: In which of the following policies does
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