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What gain would she realize

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Reference no: EM133068200

Michelle purchased a $100,000 variable life insurance policy on her life. To date, she has paid $8,000 in total premiums and received $1,000 in dividends. The policy currently has a cash value of $8,000 and is subject to a $2,000 outstanding loan. If Michelle decides to surrender the policy, what gain would she realize?

Reference no: EM133068200

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