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Emily purchased a whole life insurance policy and consistently paid premiums throughout her lifetime. The death benefit of the policy is $200,000. Over the years,
Emily purchased a whole life insurance policy and consistently paid premiums throughout her lifetime. The death benefit of the policy is $200,000. Over the years, Emily took loans from the policy for her mothers surgery. At the time of her death, the outstanding loan, including accumulated interest, was $45,000. What is the amount received by Emily's beneficiary after her death?
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