An insured 25 year old purchased a $30,000 straight-life policy with annual premiums. Four years later she needed the maximum loan available on the policy. How much more had the insured paid in premiums than she could borrow on the policy? 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 $30,000 straight-life policy with annual premiums. Four years later she needed the maximum loan available on the policy. How much more had the insured paid in premiums than she could borrow on the policy? Refer to Tables 12-1 and 12-2. (1 year = 12 months.)

An Insured 25 Year Old Purchased a $30,000 Straight-Life Policy