John Jones dies, leaving $100,000 in life insurance policy proceeds to his widow.Widow Jones elects to have

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John Jones dies, leaving $100,000 in life insurance policy proceeds to his widow.Widow Jones elects to have the $100,000 paid out under the life income option. At the end of the first year, after having received $7176 in income, widowJones is struck by a car and killed. Selection of a straight life income option was a foolish mistake on her part. Discuss.

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Fundamentals Of Risk And Insurance

ISBN: 978-1118534007

11th Edition

Authors: Emmett J. Vaughan ,Therese M. Vaughan

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