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Ins ?
Mark owns a participating 20 year limited pay whole life insurance policy with a face amount of 250k. So far makr has made 30k in premium payments. He used 5k in policy dividends to purchase paid-up additions which total 60k. Today the cash surrender value has grown to 40k and he is considering withdrawing 25k in the form of a policy loan. If he follows through with his plan to take the loan and then dies shortly thereafter, how much will his beneficiaries receive?
So what I did was take the 250k - 60k - 25k others added the 60k which one is correct? |
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