n NISM Certifications
NSM General NISM
Medium

How do insurers and financial institutions use life insurance as security?

Practice question from IC 38 Mock Test 11 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Sell policies to other parties

  2. B

    Assign policies to third-party investors

  3. Advance loans against surrender value

    Correct answer

  4. D

    Use policies as collateral for their own transactions

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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