Given a cash value policy with the following characteristics: face val
Given a cash value policy with the following characteristics: face value = $200,000, cash value = $50,000, outstanding loans = $10,000 and surrender charges = $1,000, the benefits payable at death are
A)
$200,000.
B)
$199,000.
C)
$190,000.
D)
$150,000.
ANSWER
C
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