Policy loans are secured by the cash value of the life insurance policy.

Name: Policy loans are secured by the cash value of the life insurance policy.
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Quizplus · Accepted Answer

Policy loans are typically available to policyholders who have built up cash value within their life insurance policy. The loan is secured by the cash value as collateral, and the policyholder can borrow up to the amount of cash value they have built up.

Policy Loans Are Secured by the Cash Value of the Life