The answer is C. Hoped this helped you
According to the policy loan clause, the policy owner may borrow any sum up to the policy's cash value. As a result, choice (C) is the best way to respond.
<h3>What is policy loan?</h3>
A policy loan is given out by an insurance provider and is secured by the cash value of the borrower's life insurance policy. A "life insurance loan" is another name for it. They used to be renowned for having cheap interest rates, but that isn't necessarily the case now.
Even though they have limitations, policy loans typically provide easy access to money. When a universal or whole life insurance policy has built up cash value, policy loans may be taken out.
Hence, option (C) is the accurate one.
Learn more about policy loans, from:
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Answer:
b. codes of ethics for senior financial officers.
Explanation:
according to the Sarbanes-Oxley act:
- The company should be having an expert who is responsible for the auditing andd the company should name the expert and if they are not having the expert they should give a reason.
- A comapny should have a code andd ethics and it should also be applied to the seniors.
Use this equation: FVN= $2 = $1(1 + I)N= $1(1.20)<span>N (With any dollar amount)
</span>The exact answer is 3.8 years, but some calculators will round this value up to the next highest whole number, so maybe 4 years.
