If an insured under a life insurance policy owned by an irrevocable life ins. Trust. The policy is 1mil. The aggregate prem.paid hVe been 150k and the cash value is 200k. What is the max. Loan that can be taken out?

If an insured under a life insurance policy owned by an irrevocable life ins. Trust. The policy is 1mil. The aggregate prem.paid hVe been 150k and the cash value is 200k. What is the max. Loan that can be taken out?

1. O 2. $150k 3. $200k 4. $35k

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