Mumi4896 Mumi4896

08-01-2024
Business

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On June 1, 2000, a client purchased a whole life policy with a face amount of 100,000 and an annual premium of 1,000. If the client died on July 4, 2015 without paying the annual premium due on June 1, how much will the insurer pay to the beneficiary?
1) 100,000
2) The cash value 99,000
3) Nothing

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