Disposiciones de Pólizas de VidaPregunta 568 de 716
When a policyowner requests a cash-value loan, the insurer:
a.May refuse all policy loans at its discretion
b.Must provide the requested policy loan at no interest and without any deduction from the available cash value
c.May defer paying the loan for up to six months, except when the loan is used to pay a premium
d.Must pay the loan within 24 hours as required by law
Explicación
Insurers may delay honoring a policy loan for up to six months (a holdover from liquidity protection), except loans requested to pay premiums. They cannot generally refuse loans on a policy with cash value, and loans do bear interest.
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Preguntas relacionadas de este tema
- Under the extended term nonforfeiture option, the policy's cash value is used to:
- The reduced paid-up nonforfeiture option provides:
- The automatic premium loan provision prevents a policy from lapsing by:
- Policy dividends from a participating life policy are generally not taxable because they are treated as:
- Electing to use policy dividends to buy paid-up additions will:
- The difference between the fixed-period and fixed-amount settlement options is that fixed-period:
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)