Question
Which of the following is not an option as a way to use the cash value of your whole life policy? Use the proceeds to
Which of the following is not an option as a way to use the cash value of your whole life policy?
| Use the proceeds to buy term insurance in the same value as your whole life policy | ||
| cancel the policy and get your cash value returned to you | ||
| Borrow the money at a low rate of interest | ||
| Have the insurance company invest your cash value in stocks or funds of your choosing |
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
