Your crazy uncle is establishing his beneficiaries for his life insurance policy. The policy is for $150,000.00 and 1 half will go to his daughter, 3 over 8 will go to his favorite nephew, and the rest will go to his only grandson. What dollar amount will go to his grandson?

Question

Mathematics

Myles

6 July, 02:51

Your crazy uncle is establishing his beneficiaries for his life insurance policy. The policy is for $150,000.00 and 1 half will go to his daughter, 3 over 8 will go to his favorite nephew, and the rest will go to his only grandson. What dollar amount will go to his grandson?

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Anton Garner · Answer 1

Answer:Mae Li is beneficiary of a $70,000 insurance policy on her father's life. Upon his death, she elects to receive the proceeds in installments from the insurance company that carries the policy. She will receive $16,000 per year for five years.