Jonathan has a universal life insurance policy with a face value of $500,000. The current cash value

Question:

Jonathan has a universal life insurance policy with a of $500,000. The current cash value of the policy is $11,260. Jonathan wants to stop paying premiums for a few months while he changes jobs. The premium is $134 per month.
a. What will the cash value of the policy be, without adding any interest, if he doesn't pay the premiums for a year?
b. For how many months could Jonathan use the cash value (with- out interest) to pay for the $134 premiums? Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...