A life insurance policy owner has an outstanding policy loan. What will the insurer most likely do?

Have you ever struggled to answer the question “A life insurance policy owner has an outstanding policy loan. What will the insurer most likely do?” in relation to the concept of in relation to the concept of Insurance? There’s no need to worry about it anymore. This post contains the correct answer to your question.

A life insurance policy owner has an outstanding policy loan. What will the insurer most likely do?

Options:

  • A. Cancel the policy
  • B. Charge interest on the loan
  • C. Require payment of additional premium
  • D. Asses a fine

The Correct Answer Is:

  • B. Charge interest on the loan

Conclusion

The answer to your question “A life insurance policy owner has an outstanding policy loan. What will the insurer most likely do?” should now be clear for you. I appreciate you coming here to find the answer to your question and best wishes for your preparation related to various topics of Insurance.

Leave a Comment