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16 October, 13:25

Larry Rauzer purchased $60,000 of whole life. What will the cash value of his policy be at the following anniversary dates?

1. 10 year

2. 15 year

3. 25 year

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Answers (1)
  1. 16 October, 13:41
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    Cash Value Of The Insurance Policy

    Policy Anniversary - - - Cash Value Per Unit

    5th year $30.00

    10th year $89.00

    15th year $160.00

    20th year $232.00

    25th year $340.00

    ^This list is what you use^

    Step 1. Find number of units purchased. $70,000 : $1,000 = 70 units

    Step 2. Multiply the number of units time the cash value. 70 * $30 = $2,100

    1. = 5,340

    2. = 9,600

    3. = 20,400
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