Given the following information: Find the return on the whole life insurance policy when the cost of
Question:
Given the following information:
Find the return on the whole life insurance policy when the cost of term is included. Which would you select if you can invest the difference between the term and whole life policies' premiums at a 9 percent rate? Explain your reasoning.
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Guaranteed Contract Premiumm Guaranteed Death Benefit Projected Projected Dividend Cash Value Term Premium $2,300 $2,300 $2,300 $2,300 $2,300 $2,300 $2,300 $2,300 $2,300 $2,300 200,000 $250 $400 $600 $750 $900 $1,000 $3,500 $6,000 $9,000 $12,000 $15,000 $18,000 $24,000 $325 $330 $335 $340 $355 $370 $390 $400 $410 $430
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