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An insured owns a $ 5 0 , 0 0 0 whole life policy. At age 4 7 , the insured decides to cancel his
An insured owns a $ whole life policy. At age the insured decides to cancel his policy and exercise the extended term option for the policy's cash value, which is currently $ What would be the face amount of the new term policy?
A $
B $
C $
D The face amount will be determined by the insurer.
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