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Mr. smith purchased a $250,000 whole life insurance policy on his own life, with his wife as the beneficiary, on august 1,2019. The monthly premiums
Mr. smith purchased a $250,000 whole life insurance policy on his own life, with his wife as the beneficiary, on august 1,2019. The monthly premiums were $300 per month and have been paid as agreed. on July 29, 2020, mr smiith took his own life. what if anything, will Mrs. Smith receive as the beneficiary
$0
$3,600
$3,600 plus interest
$250,000
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