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Is there a time frame to own a life insurance policy with Monumental Life Insurance Company before it will pay?
Wiki User
∙ 10y ago
In general, the proceeds of a life insurance policy are payable only upon death. However, if a whole life insurance policy is involved (rather than term life), the insured can borrow from the cash value prior to death. That said, such a policy will usually require that there must be a stated amount of cash value built up, and further, that only a set percentage of that may be borrowed.
Wiki User
∙ 10y ago
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