An insured 25 year old purchased a $50,000, 20-payment life policy. Four years later he 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 $50,000, 20-payment life policy. Four years later he 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 $50,000, 20-Payment Life