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Question 23 0/2 pts In 2001, Britney bought a single-premium variable life policy with a face value of $100,000. Her premium payment was $32,000. Britney is now 42 years of age, and the cash value of the policy is $65.000. What are the consequences of Britney taking a loan for $25,000 this year? The loan is not taxable The loans ordinary Income The loan is ordinary income, plus a 10% penalty will be owed. The dan is taxable income, but there is no penalty it it is a hardship withdrawal, Question 24 0/2 pts Which of the following statements regarding disability Insurance is false? A future indate option der Sillow the insured to increase benefits in the future layer sponsored putaris are stoly portable Insured individuals with an own occupation definition of disabled can more easily quality for policy benehts that insured with an any occupation definition of disabled Disability insurance is a contract of chesion Question 23 0/2 pts In 2001, Britney bought a single-premium variable life policy with a face value of $100,000. Her premium payment was $32,000. Britney is now 42 years of age, and the cash value of the policy is $65.000. What are the consequences of Britney taking a loan for $25,000 this year? The loan is not taxable The loans ordinary Income The loan is ordinary income, plus a 10% penalty will be owed. The dan is taxable income, but there is no penalty it it is a hardship withdrawal, Question 24 0/2 pts Which of the following statements regarding disability Insurance is false? A future indate option der Sillow the insured to increase benefits in the future layer sponsored putaris are stoly portable Insured individuals with an own occupation definition of disabled can more easily quality for policy benehts that insured with an any occupation definition of disabled Disability insurance is a contract of chesion

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