Question: Typically, when a policyholder borrows from their cash value in a life insurance policy, Group of answer choices the proceeds paid to a beneficiary are

Typically, when a policyholder borrows from their cash value in a life insurance policy,

Group of answer choices

the proceeds paid to a beneficiary are unchanged, no interest is charged on the loan, and only the guaranteed minimum rate is paid on the remaining nonborrowed cash value.

only the guaranteed minimum rate is paid on the remaining nonborrowed cash value.

the proceeds paid to a beneficiary are unchanged.

no interest is charged on the loa

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