Question: K pays on a $ 2 0 , 0 0 0 2 0 - Year Endowment policy for 1 0 years and dies from an

K pays on a $20,00020-Year Endowment policy for 10 years and dies from an automobile accident. How much will the insurance company pay the beneficiary?
A Face amount plus interest
B. $20,000 death benefit
C. Cash value plus interest
D. Return of premiums paid
K pays on a $ 2 0 , 0 0 0 2 0 - Year Endowment

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!