If you have an insurance policy that has a cash surrender value: (a) this represents an asset

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If you have an insurance policy that has a cash surrender value:

(a) this represents an asset for you.

(b) this represents a debt for you.

APPLYING THIS CHAPTER 39

(c) you enter no value on the balance sheet unless the policy is surrendered.

(d) the premiums still due are subtracted from the surrender value to arrive at market value.

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Wiley Pathways Personal Finance Managing Your Money And Building Wealth

ISBN: 978-0470111239

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Authors: Vickie L. Bajtelsmit, Linda Rastelli

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Question Posted: Jun 05, 2024 02:01 AM

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If you have an insurance policy that has a cash surrender value: (a) this represents an asset

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Wiley Pathways Personal Finance Managing Your Money And Building Wealth

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