Ace the Florida Life & Health Insurance Test 2025 – Dive In and Secure Your Success!

Question: 1 / 400

What is the maximum fixed interest rate permitted on a life policy loan in Florida?

8%

10%

In Florida, the maximum fixed interest rate permitted on a life policy loan is 10%. Option A, 8%, is incorrect because it is below the maximum limit allowed. Option C, 12%, and Option D, 15%, are both incorrect as they exceed the maximum limit allowed. It is important to note that while the maximum fixed interest rate in Florida is 10%, individual insurance policies may have lower interest rates set by the insurance company. Therefore, it is always important to check with the specific insurance policy before taking out a life policy loan.

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12%

15%

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