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Your client just died. He owned a life insurance policy on his life that is payable to his daughter. The retevant information about this policy
Your client just died. He owned a life insurance policy on his life that is payable to his daughter. The retevant information about this policy is as follows: Face Value $1,000,000 Cash surrender value $50,000 What is included in his estate? a. $20,000($1,000,000/$50,000) b. $525,000(($1,000,000+50,000)/2) c. Nothing d. $50,000 e. $1,000,000 Your client just died. He owned a life insurance policy on his life that is payable to his daughter. The retevant information about this policy is as follows: Face Value $1,000,000 Cash surrender value $50,000 What is included in his estate? a. $20,000($1,000,000/$50,000) b. $525,000(($1,000,000+50,000)/2) c. Nothing d. $50,000 e. $1,000,000
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