TITEX 22. Policy loans on the cash value of life insurance: O do not reduce the pay out at the time of death O are only permitted if the insured is likely to die in one year O usually charge interest rates above other unsecured personal loans O are a convenient source of liquidity Question 23 23. The term co-payment means that: both you and your insurer will share the cost of the medical bills both the doctor and the hospital will be paid by your insurance company both you and your doctor will be paid by the insurance company both private insurance and government insurance will share the cost of medical