Calculating the Ef ect of Inflation on a Life Insurance Policy. Susan has purchased a whole life
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Calculating the Ef ect of Inflation on a Life Insurance Policy.
Susan has purchased a whole life policy with a death benefit of
$200,000. Assuming that she dies in 10 years and the average inflation has been 3 percent, what is the value of the purchasing power of the proceeds?
LO12-4
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