Mildred died last week and her daughter, Ethel, who is named as beneficiary under her whole life insurance policy, has provided all of the necessary documentation to apply for the death benefit. Mildred died in hospital 18 days after her most recent monthly premium was due, but remained unpaid. The particulars of Mildred's policy are as follows: Initial face amount of coverage $50,000 Paid-up additions $14,600 CSV of base policy $8,200 CSV of paid-up additions $1,900 Outstanding policy loan $5,000 Outstanding interest on policy loan $425 Outstanding monthly premium $85 

How much will Ethel receive from the life insurance company?

Answer rating: 100% (QA)

ANSWER i To calculate the amount Ethel will receive from the life insurance co... View the full answer