Another possible source of loans are a life 【M1】______ insurance policy. When you study insurance, you will learn that some types of life insurance have cash or loan value. Anyone who owns 【M2】______ this type of insurance may borrow up to the number of its cash value. 【M3】______ Life insurance loans are easy to obtain. Tile rate charged is less than that for almost any other type of loan available for consumers. 【M4】______ This is because the lender takes none risk. 【M5】______ Also, borrowers may take as long as they want to repay their loans. Although that may seem likely an advantage, it can also be a disadvantage 【M6】______ When a borrower is not required to repay a loan within certain period of time, it is easy 【M7】______ to let it run on and on. This increases the dollar cost of a loan as the loan continues. Also the 【M8】______ amount the insurance company will pay for case 【M9】______ of death is reduced by the amount of the loan. For example, suppose that someone with $10,000 of insurance borrows $2,000 and dies, leaving the loan unpaying. The insurrance 【M10】______ company would pay only $8,000 to the person entitled to receive the money. Of course, if the $2,000 loan had been obtained from another source, it would still have to be paid. 【M1】