If You Want to Borrow Money from the Cash Value

question 34

True/False

If you want to borrow money from the cash value of your whole life policy, the interest rates are relatively high and the terms of the loan are quite strict.

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Definitions:

Vesting Occurs

The process by which an employee gains nonforfeitable rights over employer-provided assets or benefits, such as retirement funds, over time.

Broad-Based Stock Option

A compensation strategy where companies offer employees stock options as a part of their wage package, aiming to align the interests of employees and shareholders.

Performance Measures

Quantitative indicators used to assess how well an individual, organization, or system is performing against expected objectives.

Strategic Business Unit

A division or unit within a larger company that focuses on a specific market segment or product line, operating with its own strategy and objectives.