An insured 25 year old purchased a $20,000 straight-life policy. Three years later she needed the maximum loan available on the policy. Compute the amount the insured could borrow. Refer to Tables 12-1 and 12-2. (1 year = 12 months.)

Question

An insured 25 year old purchased a $20,000 straight-life policy. Three years later she needed the maximum loan available on the policy. Compute the amount the insured could borrow. Refer to Tables 12-1 and 12-2. (1 year = 12 months.)​

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The Answer of An insured 25 year old purchased a $20,000 straight-life policy. Three years later she needed the maximum loan available on the policy. Compute the amount the insured could borrow. Refer to Tables 12-1 and 12-2. (1 year = 12 months.)​

An Insured 25 Year Old Purchased a $20,000 Straight-Life Policy