When the amount of a policy loan plus interest exceeds a life insurance policy's cash...

Vendor: Insurance Licensing
Product: Virginia-Life-Annuities-and-Health-Insurance
Update on: Jan 11, 2026
Questions: 150

Insurance Licensing Virginia-Life-Annuities-and-Health-Insurance Question Answer

When the amount of a policy loan plus interest exceeds a life insurance policy's cash value:

The automatic premium loan option becomes effective.

The policy is converted to extended term insurance.

The policy is converted to paid-up whole life insurance.

The policy is no longer in force.

Insurance Licensing Virginia-Life-Annuities-and-Health-Insurance Summary

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