26 Oa) Yen has a universal life (UL) policy with a $500,000 level death benefit and a $58,000 cash surrender value. Her husband Xuan is beneficiary. Yen is remodelling her kitchen and decides to pledge her policy as collateral for a $40,000 loan from her local credit union. The interest rate on the loan is 3.5%. Assuming Yen does not make any principal or interest payments, if Yen dies exactly 1 year after taking the loan, how much will Xuan receive? $458,600 $500,000 $516,600 $558,000 Ob) Oc) Od)