You have a $100,000 participating cash-value policy written on your life. The policy has accumulated $4,700 in cash value and you have borrowed $6,000 of this value. The policy also has accumulated unpaid dividend of $1,666. Yesterday you paid your premium of $1,200 for the coming year. What is the current death benefit from this policy? $96,866 $0 $93,866 $99,866

You have a $100,000 participating cash-value policy written on your life. The policy has accumulated $4,700 in cash value and you have borrowed $6,000 of this value. The policy also has accumulated unpaid dividend of $1,666. Yesterday you paid your premium of $1,200 for the coming year. What is the current death benefit from this policy? $96,866 $0 $93,866 $99,866

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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