Bert is the owner and insured of a traditional whole life insurance policy he purchased 20 years ago. He has never missed a premium payment. He would like to buy a new car but his bank account is running low. How can he obtain the necessary funds while still maintaining coverage?

A

Take a policy loan from the insurer

B

Reduce the policy's face amount which will reduce his premium payment

C

Surrender part of the policy and for the balance take a policy loan

D

Surrender the policy back to the insurer

which one should i pick