12:02 PM Fri Jul 31 91 37% 36. Dean is the owner and insured under a $100,000 life insurance policy that has a cash value of $68,000. He takes a withdrawal of $45,000. Which of the following statements is true? a. Dean must use the withdrawal to purchase an immediate annuity. b. Dean must pay interest on the withdrawal at a rate set by the IRS. oc. Dean must pay back the withdrawn funds within two years or the policy will be canceled. od. Dean's withdrawal will reduce the amount of death benefits payable to his beneficiary. 37. All of the following are provisions commonly included in cash value life insurance policies that can provide a source of funds for long-term care needs EXCEPT: a. annuitization ob. accelerated benefits OC. cash value loans od. policy surrender 38. How does a life insurance lifetime settlement differ from a life insurance viatical settlement? O a. A lifetime settlement does not require a terminal illness; a viatical settlement does. b. A lifetime settlement is available to all policyholders; a viatical settlement is available only to healthy seniors, typically those between the ages of 55 and 65. c. A lifetime settlement is between the insurance company and the insured; a viatical settlement is between the insured and a third party. d. A lifetime settlement payout will equal the policy's death benefit; a viatical settlement payout is less than the policy's cash value. 39. Who of the following is engaging in unethical behavior? a. Producer A uses humor to help clients understand the complexities of long-term care coverage. b. Producer B avoids telling customers the limitations associated with a particular insurance product