Under Which of the Following Does the Insured Have a Right

question 16

Multiple Choice

Under which of the following does the insured have a right to borrow against his policy.

• A) Term life policy.
• B) Whole life policy.
• C) Disability Insurance
• D) Annuity contract.

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Definitions:

Dissenters' Rights

Legal provisions that allow shareholders to object to certain corporate actions, typically offering them a right to receive payment for their shares.

National Securities Exchange

A securities exchange registered with the SEC, adhering to governmental standards and regulations for trading securities.

Substantially All

A term used in legal and finance contexts to indicate a majority or near-total portion of an asset, company's assets, or activity.

Approved

Officially accepted or sanctioned by an authoritative body, indicating compliance with specified requirements or standards.