Cheryl purchased a whole life insurance policy having a face value of $425,500 when she was 30 years old. Based on Table 19-3 from your text, what is the cash value of her policy if she is now 40 years old?

Question

Quizplus · Accepted Answer

The cash value of a whole life insurance policy increases over time. Without the specific details from Table 19-3, it's generally understood that the cash value of a policy would be a percentage of the face value, increasing with the policyholder's age. Given the options, $41,699 seems like a reasonable amount of growth over 10 years, aligning with typical whole life policy cash value growth rates.

Cheryl Purchased a Whole Life Insurance Policy Having a Face