Which of the following is not an option as a way to use the cash value of your whole life policy?
A) Borrow money from the policy at a low rate of interest
B) Cancel the policy and use the proceeds to buy term insurance in the same value as your whole life policy
C) Have the insurance company invest your cash value in stocks or mutual funds of your choosing
D) Cancel the policy and get your cash value returned to you
Answer: C
You might also like to view...
________ points are the minimally acceptable terms in a distributive bargaining scenario.
Fill in the blank(s) with the appropriate word(s).
Decisions are based on
a. facts. b. intuition. c. past experience. d. all of the above.
With terms of 4/15, net 60, what is the implied interest rate for forgoing a cash discount and paying at the end of the credit period?
A. 28.19% B. 39.25% C. 61.15% D. 25.63%
The idea of smoothing is attractive if the objective is to escape from a conflict with minimal cost, but it often stifles creativity.
Answer the following statement true (T) or false (F)