An insured 25 year old purchased a $15,000 straight-life policy and a $5,000, 20-payment life policy. Fifteen years later she needed to borrow $2,500 on one of her policies. Determine which policy had a loan value in excess of $2,500. 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 $15,000 straight-life policy and a $5,000, 20-payment life policy. Fifteen years later she needed to borrow $2,500 on one of her policies. Determine which policy had a loan value in excess of $2,500. Refer to Tables 12-1 and 12-2. (1 year = 12 months.)

An Insured 25 Year Old Purchased a $15,000 Straight-Life Policy