The Policy Loan Provision Does Not Permit You to Borrow

question 30

True/False

The policy loan provision does not permit you to borrow any amount up to the cash value of the policy.

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Definitions:

Payoff

The return or gain that an individual receives from an investment or action.

Strategy

A plan of action or policy designed to achieve a major or overall goal, especially in business or politics.

Second Job

Employment taken in addition to one's primary job to supplement income, often requiring balancing multiple work schedules.

Full Time

Refers to employment where individuals work a complete or standard number of hours considered typical for the job, usually around 35 to 40 hours per week.