Question: I really need help in this problem. Thank you!! An insured purchased a 15-year level term life insurance policy with a face amount of $100,000.
I really need help in this problem.
Thank you!!
An insured purchased a 15-year level term life insurance policy with a face amount of $100,000. The policy contained an accidental death rider, offering a double indemnity benefit. The insured was severely injured in an auto accident, and after 10 weeks of hospitalization, died from the injuries. How much will the beneficiary receive from the policyStep by Step Solution
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