Question
Michelle purchased a $100,000 variable life policy on her life. To date, she has paid $8,000 in total premiums and received $1,000 in deividends. The
Michelle purchased a $100,000 variable life policy on her life. To date, she has paid $8,000 in total premiums and received $1,000 in deividends. The policy currently has a net ash value of $6,000 and is subject to a $2,000 i=outstanding loan. If Michelle decides to surrender the policy, what gain would she realize?
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Renewable Energy Finance Theory And Practice
Authors: Santosh Raikar, Seabron Adamson
1st Edition
0128164417, 9780128164419
