Question

What is one way to use the cash value of a whole life insurance policy?

a.

To purchase a new policy

b.

To pay off loans

c.

To invest in the stock market

d.

To go on a vacation

Answer: (b).To pay off loans Explanation:The cash value of a whole life insurance policy can be used to pay off loans or as collateral for a policy loan.

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Q. What is one way to use the cash value of a whole life insurance policy?

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