Are you looking for the correct answer to the question “A person who has a universal life policy and needs cash from the policy, but does not want to have an outstanding policy loan should:”? If that’s the case, you don’t have to worry anymore. Azanswer team is here with the right answer to your question. Please check below to know the answer.
A person who has a universal life policy and needs cash from the policy, but does not want to have an outstanding policy loan should:
a. Take a partial surrender of the policy’s cash value
b. Take a full surrender of the policy’s cash value
c. Get a loan from the bank
d. Take out a policy loan
Answer: a. Take a partial surrender of the policy’s cash value
The above question A person who has a universal life policy and needs cash from the policy, but does not want to have an outstanding policy loan should:, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
