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Cathy has a permanent insurance contract with a death benefit of $500,000, a cash surrender value of $55,000, and an adjusted cost base of $35,000.
Cathy has a permanent insurance contract with a death benefit of $500,000, a cash surrender value of $55,000, and an adjusted cost base of $35,000. She needs $30,000 to renovate her kitchen, so surrenders only $30,000 of her policy. As a result how much is the new Death Benefit of the policy? Please ensure your answer is rounded to the nearest whole dollar, and includes no decimal, or symbols (i.e.: dollar sign or comma). Therefore an answer of $320.50 should be input as 321
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