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A policyowner borrowed a portion of cash value from his whole life policy. If the loan is not repaid, how will that affect the death benefit to the beneficiary?
Answer: The amount of the loan will be subtracted from the death benefit.
The above question A policyowner borrowed a portion of cash value from his whole life policy. If the loan is not repaid, how will that affect the death benefit to the beneficiary?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
