Which of the following statements about life insurance policy loans is false?
Which of the following statements about life insurance policy loans is false?
A) Loans are only permitted for specific reasons listed in the policy.
B) Policy loans may be used to cover premiums using the automatic policy loan provision.
C) The policyholder is required to pay interest on a life insurance policy loan.
D) Any loan balance remaining at the time of the insured death is deducted from the life insurance proceeds paid to the beneficiary.
Homework Answers
Answer: Option A is correct
It is not true that the loans are only permitted for specific
reasons listed in the policy.
Add Answer to:
Which of the following statements about life insurance policy loans is false?
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Question 37 remaining letter.
D) If a departing employee elects to convert a lofe insurance
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choices.
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FALSE (Please marka Tor Fon your answer sheet) 21. A non-forfeite option in which the cash value is used to keep the full death benefit in force possible is called the extended term opcion. The installation of ww w sprinkler we in a hotel is an example of a loss reducto dath benefit in force for as long as hotel is an example of a loss reduction method of Requiring retailers who sella 's pode r ing the firm from...
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