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Six months ago you wrote a single premium life insurance polciy for Tim, naming Tim's wife as the beneficiary. You've now learned that Tim will
Six months ago you wrote a single premium life insurance polciy for Tim, naming Tim's wife as the beneficiary. You've now learned that Tim will use the policy as collateral on a loan to purchase a large boat. What is the potential red flag in this scenario?
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
