Indicate the death benefit the beneficiary receives after income taxes on a whole life policy with...

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Indicate the death benefit the beneficiary receives after income taxes on a whole life policy with the following values. Policy loan: $1000000, Policy Dividend: $500000, Cash Value: $2000000, Policy Face Value: $5000000, Premiums Paid: $1250000, Marginal Income Tax Bracket of Beneficiary 30% Select one: a. $2800000 b. $3150000 c. $4000000 d. $4500000 e. $6500000 Indicate the death benefit the beneficiary receives after income taxes on a whole life policy with the following values. Policy loan: $1000000, Policy Dividend: $500000, Cash Value: $2000000, Policy Face Value: $5000000, Premiums Paid: $1250000, Marginal Income Tax Bracket of Beneficiary 30% Select one: a. $2800000 b. $3150000 c. $4000000 d. $4500000 e. $6500000

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Generally speaking when the beneficiary of a life insurance policy receives the death benefit this m... View the full answer