In 2008, Britney bought a single-premium variable life polic…
In 2008, Britney bought a single-premium variable life policy (MEC) with a face value of $100,000. Her premium payment was $32,000. Britney is now 42 years of age, and the cash value of the policy is $65,000. What are the consequences of Britney taking a loan for $25,000 this year?
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