All of these statements concerning whole life insurance are false EXCEPT
A) Policyowner can take out a policy loan up to the face amount
B) When a whole life policy is surrendered, income taxes may be owed
C) Coverage is normally temporary
D) The death benefit is not affected by outstanding loans
Ans: B) When a whole life policy is surrendered, income taxes may be owed
Business
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A company that uses telephone marketing to sell its products to customers is most likely using the promotion tool of ________
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