Which of the following regarding policy loans is NOT true? A) Most insurers charge...
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Finance
Which of the following regarding policy loans is NOT true?
A)
Most insurers charge interest in advance.
B)
A policyholder generally may borrow close to the entire cash value of a policy (less some interest).
C)
A variable interest rate is generally used with participating policies.
D)
With variable products, cash value equal to the amount borrowed is moved to a guaranteed interest rate account.
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