One of the best features of term insurance is that you are able to borrow against the face value.

Name: One of the best features of term insurance is that you are able to borrow against the face value.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is false. Term insurance does not have a cash value or accumulate savings, so there is nothing to borrow against. Only permanent life insurance policies, such as whole life or universal life, have a cash value that can be borrowed against.

One of the Best Features of Term Insurance Is That