Should the Person Covered by Life Insurance Die Before Repaying

question 81

True/False

Should the person covered by life insurance die before repaying a policy loan,the life insurance company will pay the entire face value of the policy to the beneficiaries.

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Definitions:

Supreme Court

The highest federal court in the United States, possessing the ultimate appellate jurisdiction over all federal and state court cases dealing with federal law.

Massachusetts

A U.S. state in New England known for its significant colonial history.

Constitutionally

Pertaining to the Constitution of a country or state, especially concerning its legal structure and foundational principles.

African Methodist Episcopal Church

A predominantly African American Methodist denomination founded in the early 19th century in the United States, emphasizing freedom from discrimination.