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Mrs. Taft owns a $150,000 insurance policy on her husband's life. The policy's cash value is $125,000, and there is a $50,000 loan against

Mrs. Taft owns a $150,000 insurance policy on her husband's life. The policy's cash value is $125,000, and there is a $50,000 loan against it. The Tafts personal statement of financial condition at December 31, 20X3, should show what amount as an investment in life insurance? Multiple Choice $100,000 $75,000 $150,000 $125,000

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