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Owner of a whole life insurance policy in the amount

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Reference no: EM132455578

Imagine that you are the 70-year-old owner of a whole life insurance policy in the amount of $100,000. You bought the policy at the age of 25, have been making payments on the policy for the last 45 years, and are up-to-date in your payments. The cash value of your policy is approximately $40,000. If you die at this point, how much money will your beneficiary receive?

  • $40,000
  • $60,000
  • $100,000
  • $140,000
  • $160,000

Reference no: EM132455578

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