Azra owns a $300,000 Whole Life policy she purchased in 1990. She has paid $24,000 in premiums and the NCPI is $4000. The policy's CSV is $16,000. What is the policy's ACB? $8,000 $ 24,000 $ 12,000 $ 20,000

Azra owns a $300,000 Whole Life policy she purchased in 1990. She has paid $24,000 in premiums and the NCPI is $4000. The policy's CSV is $16,000. What is the policy's ACB? $8,000 $ 24,000 $ 12,000 $ 20,000

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter12: Life Insurance Planning

Section: Chapter Questions

Problem 3DTM

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Question

Azra owns a $300,000 Whole Life policy she purchased in 1990. She has paid
$24,000 in premiums and the NCPI is $4000. The policy's CSV is $16,000. What is
the policy's ACB?
$ 8,000
$ 24,000
$12,000
$ 20,000

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