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Sara is 62 years old and has a whole life policy with the following features: Annual premium = $800 Cash value on January 1, 2018

Sara is 62 years old and has a whole life policy with the following features:

Annual premium = $800

Cash value on January 1, 2018 = $400,000

Cash value on December 31, 2018 = $405,000

After-tax earning rate = 5%

Current dividend = $600

Death benefit = $750,000

What is her CPT?

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