If X has a life insurance policy that is no longer wanted or needed and is considering selling their policy, how much might X receive if the premiums are $10,000 annually, the cash value is $200,000, and the face amount is $1,000,000?

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Business

Allisson Beck

4 April, 17:23

If X has a life insurance policy that is no longer wanted or needed and is considering selling their policy, how much might X receive if the premiums are $10,000 annually, the cash value is $200,000, and the face amount is $1,000,000?

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Answers (1)

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Zachariah Macdonald · Answer 1

More than $200,000 but less than $1,000,000

Explanation:

A Life Insurance is close to a realistic payout because it's more than a money redemption interest which is less than the death benefit from offering an established live insurance policy to a third party.

A life insurance premium return means that you will get the money you pay as premiums given back, non-taxable when you have completed the life insurance policy and are still alive. You will get $6,000 back if you pay 50 dollars a month for ten years.