What does “liquidity” refer to in a life insurance policy? 1. The insured is receiving payments each month in retirement. 2. Cash values can be borrowed at any time. 3. The death benefit replaces the assets that would have accumulated if the insured had not died. 4. The policyowner receives dividend checks each year.

What does “liquidity” refer to in a life insurance policy?
1. The insured is receiving payments each month in retirement.
2. Cash values can be borrowed at any time.
3. The death benefit replaces the assets that would have accumulated if the insured had not died.
4. The policyowner receives dividend checks each year.

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