Question
Victor has a $100,000 participating cash-value policy written on his life. The policy accumulated $6,700 in cash value. Victor borrowed $4,700 of this value. The
Victor has a $100,000 participating cash-value policy written on his life. The policy accumulated $6,700 in cash value. Victor borrowed $4,700 of this value. The policy also accumulated unpaid dividends of $2,000. Yesterday Victor paid his premium of $1,000 for the coming year. What is his death benefit from this policy if he dies today?
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
