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Masud had a $200,000 life insurance policy with his son named as the beneficiary. Masud was diagnosed with a terminal illness (TI) and he applied

Masud had a $200,000 life insurance policy with his son named as the beneficiary. Masud was diagnosed with a terminal illness (TI) and he applied for a TI benefit of $50,000 and used the amount for hospital expenses. Masud died a year later and his son made a claim of the policy's death benefit. How much death benefit will Masud's son receive from the insurance company? Explain.

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