If an insured under a variable life insurance policy dies, how will the insurer respond to outstanding policy loans?

A. The loan amounts are deducted from the death benefit.
B. The policy is withheld until payments are met.
C. The loan amount is charged to the beneficiaries.
D. The loans are waived.

Life insurance companies respond to outstanding policy loans by deducting the loan amounts from the death benefit when an insured under a variable life insurance policy dies. This means that the outstanding loan balance will be subtracted from the amount paid out to the beneficiaries.

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If an insured under a variable life insurance policy dies, how will the insurer respond to outstanding policy loans?A. The loan amounts are deducted from the death benefit.B. The policy is withheld until payments are met.C. The loan amount is charged to the beneficiaries.D. The loans are waived.

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