Calculating a Death Benefit. Alexandra Cunningham of Gardner, Massachusetts, has a $100,000 participating cash-value policy written on
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Calculating a Death Benefit. Alexandra Cunningham of Gardner, Massachusetts, has a $100,000 participating cash-value policy written on her life. The policy has accumulated $4,700 in cash value; Alexandra has borrowed
$3,000 of this value. The policy also has accumulated unpaid dividends of $1,666. Yesterday Alexandra paid her premium of $1,200 for the coming year.
What is the current death benefit from this policy?
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Related Book For 
Personal Finance Tax Update
ISBN: 9780357438947,9780357438930
13th Edition
Authors: E. Thomas Garman , Raymond Forgue
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