Exam (elaborations)
ExamFX Life Simulated Exam | 60 Questions with 100% Correct Answers | Verified | Latest Update 2024
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A business owner was trying to obtain a bank loan to fund the purchase of a new business facility, but the bank required proof of additional assets to secure the loan. The business owner then decided to use her $250,000 life insurance policy to secure the loan. Which provision makes this possible...
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