Bettie has a $200,000 whole life policy with a $50,000 cash value.

Ohio Department of Insurance OH-Life-Agent-Series-11-44 Question Answer

Bettie has a $200,000 whole life policy with a $50,000 cash value. She wishes to borrow $30,000 for the purchase of a new van. Which of the following Is TRUE In this situation?

There is no requirement that she pay back the loan.

Loans can only be taken for hardship situations.

Whole life policies do not have any loan provisions.

This type of loan is interest free.

Ohio Department of Insurance OH-Life-Agent-Series-11-44 View All Questions

Ohio Department of Insurance OH-Life-Agent-Series-11-44 Summary

Vendor: Ohio Department of Insurance
Product: OH-Life-Agent-Series-11-44
Update on: Jan 2, 2026
Questions: 105

Price: $52.5 ~~$149.99~~

Buy Now OH-Life-Agent-Series-11-44 PDF + Testing Engine Pack

An Insured owns a whole life policy that has accumulated cash value.

What does a limited payment whole life policy provide?

New Year Sale Special Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: xmasmnth

Bettie has a $200,000 whole life policy with a $50,000 cash value.

The Answer Is:

Ohio Department of Insurance OH-Life-Agent-Series-11-44 Summary

Payments We Accept

Contact Us