Nancy bought a 20-year term life insurance policy with a face value of $200,000.Her monthly premium is $66.She dies after 2 years.Her beneficiaries will receive $200,000 ÷ 2 or $100,000.

Question

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The beneficiaries will receive the full face value of the policy, which is $200,000, regardless of how long Nancy had been paying premiums or how long she lived.

Nancy Bought a 20-Year Term Life Insurance Policy with a Face