Answered

Welcome to Westonci.ca, where curiosity meets expertise. Ask any question and receive fast, accurate answers from our knowledgeable community. Experience the ease of finding quick and accurate answers to your questions from professionals on our platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

A life insurance policy has a face value of $100,000. The insured took out a policy loan for $10,000 and never paid it back. Policy cash value equals $50,000. If the insured dies, how much will the beneficiary receive?
A. $50,000
B.$90,000 C. Nothing (because there is an outstanding policy loan) D. $100,000
​

Sagot :

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.