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Question 5 (1 point) Jean died last week and her granddaughter, Kathy, who is named as beneficiary under her whole life insurance policy, has provided

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Question 5 (1 point) Jean died last week and her granddaughter, Kathy, who is named as beneficiary under her whole life insurance policy, has provided all of the necessary documentation to apply for the death benefit. Jean died in hospital 18 days after her most recent monthly premium was due, but remained unpaid. The particulars of Jean's policy are as follows: Initial face amount of coverage $100,000 Paid-up additions $20,300 CSV of base policy $12,200 CSV of paid-up additions $2,900 Outstanding policy loan $7,000 Outstanding interest on policy loan $500 Outstanding monthly premium $100 How much will Kathy receive from the life insurance company? How much will Kathy receive from the life insurance company? $127,800 $112,800 $112,700 $92,400

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