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20 March, 10:04

If X has a life insurance policy that is no longer wanted or needed and is considering selling their policy, how much might X receive if the premiums are $10,000 annually, the cash value is $200,000, and the face amount is $1,000,000?

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  1. 20 March, 12:01
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    More than $200,000 but less than $1,000,000

    Explanation:

    A Life Insurance is close to a realistic payout because it's more than a money redemption interest which is less than the death benefit from offering an established live insurance policy to a third party.

    A life insurance premium return means that you will get the money you pay as premiums given back, non-taxable when you have completed the life insurance policy and are still alive. You will get $6,000 back if you pay 50 dollars a month for ten years.
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Home » Business » If X has a life insurance policy that is no longer wanted or needed and is considering selling their policy, how much might X receive if the premiums are $10,000 annually, the cash value is $200,000, and the face amount is $1,000,000?
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