Alexandra Cunningham of Gardner, Massachussets, has a $100,000 participating cash-value policy written on her life....
60.1K
Verified Solution
Link Copied!
Question
Accounting
Alexandra Cunningham of Gardner, Massachussets, has a $100,000 participating cash-value policy written on her life. The policy has accumulated $4,700 in cash value; Alexandra has borrowed $3,000 of this value. The policy also has accumulated unpaid dividends of $1,666. Yesterday Alexandra paid her premium of $1,200 for the coming year. What is the current death benefit from this policy?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
