question 44 of 60 which of the following is required for a life policy to have a loan option? a. have cash…

question 44 of 60 which of the following is required for a life policy to have a loan option? a. have cash value b. have a beneficiary who is a natural person c. have been in effect for more than 5 years d. be a term life policy

question 44 of 60 which of the following is required for a life policy to have a loan option? a. have cash value b. have a beneficiary who is a natural person c. have been in effect for more than 5 years d. be a term life policy

Answer

Brief Explanations:

Life - insurance policies with cash - value can be used as collateral for loans. A life policy must have cash value to offer a loan option. The other factors like beneficiary type, policy duration, or policy type (term life) are not directly related to the loan - option availability.

Answer:

A. Have cash value