How can the cash value accumulation in a straight whole life insurance policy be accessed while the insured is living and while keeping the coverage in force?
A) Through a cash value surrender
B) Through a policy loan
C) Through a dividend payment
D) Through a partial cash value withdrawal"
Ans: B) Through a policy loan
Business
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Assuming the allowance method for bad debts is used, when a customer's uncollectible account is written off, a credit should be made to
A. Bad debt expense. B. Allowance for doubtful accounts. C. Sales revenue. D. Accounts receivable. E. Retained earnings.
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Describe product stewardship, design for environment (DFE), and cradle-to-cradle practices
What will be an ideal response?
Business