Question: If a policy has a cash surrender value it is sometimes possible to borrow money against it. 1) True 2) False Question 3 (1 point)

If a policy has a cash surrender value it is sometimes possible to borrow money against it. 1) True 2) False Question 3 (1 point) In the case of large group policies members are free to leave the group and it is often the least healthy who remain. This is called: 1) convertible insurance. 2) adverse selection. 3) universal life insurance. 4) maintaining settlement options

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