Describe the policy loan provision that appears in a typical cash-value life insurance policy. a. Why is

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Describe the policy loan provision that appears in a typical cash-value life insurance policy.
a. Why is interest charged on a policy loan?
b. List the advantages and disadvantages of a policy loan.

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Principles of Risk Management and Insurance

ISBN: 978-0132992916

12th edition

Authors: George E. Rejda, Michael McNamara

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Question Posted: Jan 30, 2015 07:41 AM

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Describe the policy loan provision that appears in a typical cash-value life insurance policy. a. Why is

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The policy loan provision allows the policyholder to borrow the cash value at a specified rate ...View the full answer

Principles of Risk Management and Insurance

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