Question
Alexandra Cunningham of Gardner, Massachusetts, has a $100,000 participating cash-value policy written on her life. The policy has accumulated $4,000 in cash value; Alexandra has
Alexandra Cunningham of Gardner, Massachusetts, has a $100,000 participating cash-value policy written on her life. The policy has accumulated $4,000 in cash value; Alexandra has borrowed $2,500 of this value. The policy also has accumulated unpaid dividends of $1,161. Yesterday Alexandra paid her premium of $1,100 for the coming year. What is the current death benefit from this policy?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
9th Edition
0134519264, 9780134519265
