Policy loans on cash value insurance
A)
are permitted only if the insured is likely to die within one year.
B)
are typically made at rates substantially above those on unsecured personal loans.
C)
are a convenient source of liquidity.
D)
do not reduce the payout at time of death.
C
Business
You might also like to view...
In a nonstatutory action against a CPA, lack of privity is a viable defense if the plaintiff
A. Is the client's creditor who sues the CPA for negligence. B. Can prove the presence of gross negligence that amounts to a reckless disregard for the truth. C. Is the CPA's client. D. Bases the action upon fraud.
Business
Scanner data collected during a one-day 20% off sale at a department store would be used to develop baseline data in a marketing-mix model
Indicate whether the statement is true or false
Business