Under which of the following does the insured have a right to borrow against his policy.

Name: Under which of the following does the insured have a right to borrow against his policy.
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Question

Quizplus · Accepted Answer

The insured has the right to borrow against their whole life policy because it builds up cash value throughout the life of the policy. Term life policy, disability insurance, and annuity contracts typically do not build up cash value that can be borrowed against.

Under Which of the Following Does the Insured Have a Right