If a policy loan on the cash value is not repaid,
A) the policy may be canceled by the insurer,
B) a judgment may be awarded the insurer in the amount of the unpaid balance,
C) the unpaid balance of the loan will be deducted from the death benefit paid to the beneficiary,
D) a much higher interest rate is charged until the loan is repaid.
Correct Answer:
Verified
Q33: Match the descriptions with their terms:
-A/An _
Q34: The life insurance contract that generally offers
Q35: Death benefits are likely to fluctuate over
Q36: Which of the following is not a
Q37: Which of the following statements is true
Q39: An interest settlement option
A) keeps a policy
Q40: The cash value option allows the insured
A)
Q41: The waiver of premium benefit does not
Q42: Which of the following is a true
Q43: Which of the following statements is true
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