Essay
Fulton has been paying $150 per month for a $200,000 whole life insurance policy for the past 29 years.It has a cash value of $128,000.He recently heard that the S&P 500 has averaged an 8.7% annual return over the past 35 years.If he had invested the premiums in stock funds instead,would his balance be enough to offset the death benefit if he died tomorrow?
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Correct Answer:
Verified
Yes,if Fulton had a crystal b...View Answer
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