Multiple Choice
Bob Shockey borrowed $25,000 from his $250,000 cash value life insurance policy to send his daughter to private college.Assuming he pays interest as in accrues,if Bob dies before the debt is repaid his beneficiary will receive:
A) $275,000.
B) $250,000.
C) $225,000.
D) $25,000.
E) $0.
Correct Answer:
Verified
Correct Answer:
Verified
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