Do insureds have a legal right to a loan secured by their cash value? Describe some circumstances

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Do insureds have a legal right to a loan secured by their cash value? Describe some circumstances when a policyholder loan provision is advantageous to the insured, but a disadvantage to the insurer.

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Introduction to Risk Management and Insurance

ISBN: 978-0131394124

10th edition

Authors: Mark S. Dorfman, David Cather

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Question Posted: Dec 07, 2015 06:19 AM

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Do insureds have a legal right to a loan secured by their cash value? Describe some circumstances

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Policy owners have an unlimited right to a loan secured by the c...View the full answer

Introduction to Risk Management and Insurance

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