Given a cash value policy with the following characteristics: face value = $200,000,cash value = $50,000,outstanding loans = $10,000 and surrender charges = $1,000,the cash surrender value is

Question

Quizplus · Accepted Answer

The cash surrender value is calculated by taking the cash value ($50,000), subtracting any outstanding loans ($10,000), and subtracting any surrender charges ($1,000). Thus, $50,000 - $10,000 - $1,000 = $39,000.

Given a Cash Value Policy with the Following Characteristics: Face