Mathematics, 18.05.2021 22:00 Elenegoggg

Constance arranged for a universal life insurance policy with a face value of $450,000, when she was married. The current cash value of the policy is $12,132. Her premium is $1,500 per year. She wants to buy a new car and is looking for items in her budget that can be put towards the car payment. How many months could she suspend her premium payment so that the cash value could be used to pay the premium?

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Constance arranged for a universal life insurance policy with a face value of $450,000, when she was...

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