It is often said that policyholders should not have to pay interest on policy loans since they
Question:
It is often said that policyholders should not have to pay interest on policy loans since they are “borrowing their own money.” Explain specifically the fallacy of this argument. Assuming that policyholders did not pay interest on any policy loans, what would happen?
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Related Book For 
Fundamentals Of Risk And Insurance
ISBN: 978-1118534007
11th Edition
Authors: Emmett J. Vaughan ,Therese M. Vaughan
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