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LIFE INSURANCE -Can you take out a life insurance policy on my life? Why or why not? -Can you be a beneficiary on my life

LIFE INSURANCE

-Can you take out a life insurance policy on my life? Why or why not?

-Can you be a beneficiary on my life insurance policy? Why or why not?

-What is the difference between term life insurance and whole life insurance?

-What is meant by cash value?

-What is a loan clause in a cash value policy?

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