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Henry purchased a $ 1 0 0 , 0 0 0 Participating Whole Life insurance policy 1 2 years ago. The policy had a Waiver

Henry purchased a $100,000 Participating Whole Life insurance policy 12 years ago. The policy had a Waiver of Premium Rider, Accidental Death benefit, and the dividends were purchasing Paid-Up Additions. Henry took advantage of the loan provision in his policy recently and borrowed $5,000. Last night Henry passed away from a heart attack. What will Henry's beneficiary receive from the policy?
Select one:
a.
$100,000 plus paid-up additions minus the loan and any interest owing and minus any outstanding premium
b.
$100,000 plus paid-up additions minus the loan and any interest owing
C.
$200,000 plus paid-up additions minus the loan
d.
A. $100,000 plus paid-up additions minus the loan and any interest owing and minus any outstanding premium
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