Which of the following statements about life insurance policy loans is true?
A) Loans are only permitted for specific reasons listed in the policy.
B) They are forgiven if the insured dies before the loans are repaid.
C) The policyholder must pay interest on a life insurance policy loan.
D) They must be repaid on the basis of a schedule determined at the time of the loan.
Answer: C
Business
You might also like to view...
Calculate the risk-adjusted discount rates for Project X and Project Y. (See Table 11.10)
What will be an ideal response?
Business
The STATEWIDE HEALTH PRESCRIPTIONS database column PrescTimeOfDay provides the data for a dimension in the STATEWIDE HEALTH star schema
Indicate whether the statement is true or false
Business