[Solved] Construct a Valid Argument in Favour of Policy-Loans.

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Q.	Construct a Valid Argument in Favour of Policy-Loans.
A.	A Loan of Any Amount, can be obtained, easily.
B.	Insured can decide the Terms and Conditions of the Loan.
C.	There is No Legal Obligation to Re-Pay the Loan.
D.	No Collateral is required.
Answer» C. There is No Legal Obligation to Re-Pay the Loan.

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Insurance Exam (LIFE)

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