Carol owns a Universal Life Insurance policy with a death benefit of $400,000, annual mortality cost of $4,000, annual administration expenses of $1000, and an investment account worth $50,000. Carol's daughter is gravely ill and she must take time off work, so Carol decides to make a partial withdrawal from her UL policy. What is the maximum amount Carol can withdraw while keeping her policy in force? Carol owns a Universal Life Insurance policy with a death benefit of $400,000, annual mortality cost of $4,000, annual administration expenses of $1000, and an investment account worth $50,000. Carol's daughter is gravely ill and she must take time off work, so Carol decides to make a partial withdrawal from her UL policy. What is the maximum amount Carol can withdraw while keeping her policy in force? Carol can take a policy loan of up to $46,000 Carol can withdraw $45,000 and she will need to make a premium deposit next year Carol can withdraw $50,000 Carol cannot make any withdrawal or her policy will lapse