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a Aladdin has a life insurance policy with a cash surrender value. He is in financial difficulty and wishes to take a policy loan. Which
a Aladdin has a life insurance policy with a cash surrender value. He is in financial difficulty and wishes to take a policy loan. Which of the following statements best describes the loan? The policy is supplied as collateral to the third party making the loan If the loan is large enough, Aladdin could trigger a taxable policy gain The loan increases the death benefit payable The size of the loan is unlimited
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