Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. what will the end result be if the total of a poli

What will the end result be if the total of a policy loan and accrued...

50.1K

Verified Solution

Question

Accounting

What will the end result be if the total of a policy loan and accrued interest exceeds the policys surrender value? (Search Chapter 2)

a. The loan will continue to grow until it reaches the policys face amount.

b. The policy will lapse.

c. The policy will convert to term coverage.

d. The death benefit will be reduced.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The purpose of heat-fixing a bacterial smear is:a) to make the sample stick to the...

Biology
Q

ody Paragraph 2 Main Point Examples Details Explanations a As many video games are violent...

Biology
Q

Sue s chromosome 18 pair looks like this Bob s chromosome 18 pair looks like...

Biology
Q

5 The driver of a car travelling with speed 30 m s towards a hill...

Physics
Q

Day 9 SB SOL All 10 12 Exit Ticket Name A committee of 5 teachers...

Algebra
Q

5 Suppose the value R d of d dollars in euros is given by R...

Algebra
Q

Assignment: Understanding and Applying the Accounting Equation through Journal Entries Transactions 1. The...

Accounting
Q

Your Corporation reports that at an activity level of 8,100 units, its total variable cost...

Accounting
Q

Accounting
Q

WHICH PERSON WOULD GENERLLY BE TREATED AS A MATERIAL PARTICIPANT IN AN ACTIVITY? Multiple choice...

Accounting
Q

Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces...

Accounting
Q

The beginning inventory at Funky Party Supplies and data on purchases and sales for a...

Accounting