A Client, Age 25, Is Deciding Whether to Purchase a $25,000

question 8

Short Answer

A client, age 25, is deciding whether to purchase a $25,000, 20-year endowment policy or a $50,000, 20-payment life policy. He plans to build a house 10 years from now and to borrow the maximum available against any policy he owns at that time. How much more could the client borrow on the 20-payment life policy than he could borrow on the 20-year endowment policy? Refer to Table 12-2. (1 year = 12 months.)​

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Current Event

A happening, incident, or situation occurring at the present time or most recently.

Listen

To give attention with the ear to someone or something in order to hear and understand sounds or information.

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Showing enthusiastic engagement and a high degree of attention in a particular subject or activity.

Talk Too Much

The act of speaking excessively or beyond what is necessary, often without considering the listener's interest or patience.