Fulton has been paying $150 per month for a $200,000 whole life insurance policy for the past 29 years.It has a cash value of $128,000.He recently heard that the S&P 500 has averaged an 8.7% annual return over the past 35 years.If he had invested the premiums in stock funds instead,would his balance be enough to offset the death benefit if he died tomorrow?

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The Answer of Fulton has been paying $150 per month for a $200,000 whole life insurance policy for the past 29 years.It has a cash value of $128,000.He recently heard that the S&P 500 has averaged an 8.7% annual return over the past 35 years.If he had invested the premiums in stock funds instead,would his balance be enough to offset the death benefit if he died tomorrow?

Fulton Has Been Paying $150 Per Month for a $200,000