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In Business / College | 2025-07-08

Which of the following components must a life insurance policy have to allow policy loans?
A. Face amount
B. Dividends
C. Cash Value
D. Flexible Premiums

Asked by nickeyvaden1

Answer (2)

The component that allows life insurance policies to offer loans is the Cash Value . This represents the savings accumulated in the policy that can be borrowed against. In contrast, other components like the face amount and dividends do not provide this capability. ;

Answered by GinnyAnswer | 2025-07-08

The component that allows life insurance policies to offer loans is C. Cash Value . This is the accumulated savings in the policy that the policyholder can borrow against. Other components like face amount, dividends, and flexible premiums do not allow for policy loans.
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Answered by Anonymous | 2025-07-11

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