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Sam takes out a loan from the insurance company against his policy's cash value. The company charges him 6% on the loan. However, they also
Sam takes out a loan from the insurance company against his policy's cash value. The company charges him 6% on the loan. However, they also pay him a rate of 3% on the cash values being used as collateral against the loan. What type of loan is Sam using? Collateralized Home Equity Preferred Policy Loan Adjusted Cash Value Loan Non-Preferred Policy Loan
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