Question
Let's say I purchased a $500,000 continuous premium whole life policy fifteen years ago. Today, the policy has a cash value of $300,000. If I
Let's say I purchased a $500,000 continuous premium whole life policy fifteen years ago. Today, the policy has a cash value of $300,000. If I were to die tomorrow and my beneficiary were to take the policy proceeds as a cash settlement, list several reasons why the cash amount could be more or less than $500,000
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
15th Edition
978-0357438480, 0357438485
