All of the following statements are correct regarding adjustable life policies, EXCEPT:

All of the following statements are correct regarding adjustable life policies, EXCEPT:


a. The policyowner may take out policy loans.

b. Policies have nonforfeiture and settlement options.

c. Cash value always accrues in the policy.

d. Adjustable life policies are suitable for people with varying incomes.



Answer: c. Cash value always accrues in the policy.

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