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20) Which of the following statements about life insurance policy loans is (are) true? Interest is not required on a life insurance policy loan, as

20) Which of the following statements about life insurance policy loans is (are) true? Interest is not required on a life insurance policy loan, as the policyholder is borrowing his or I. her own money. II. Policy loans must be repaid within 3 years or the policy will lapse. A) I only B) II only C) both I and II D) neither I nor II o annuities

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