EBK PERSONAL FINANCE
EBK PERSONAL FINANCE
7th Edition
ISBN: 9780135165522
Author: Madura
Publisher: YUZU
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Chapter 3, Problem 18FPP
Summary Introduction

To determine: The future value of an investment

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An insured purchased a 15-year level term life insurance policy with a face amount of $100,000. The policy contained an accidental death rider, offering a double indemnity benefit. The insured was severely injured in an auto accident, and after 10 weeks of hospitalization, died from the injuries. How much will the beneficiary receive from the policy?
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