(Answered) Imagine that you are the 70-year-old owner of a whole life

Finance

Imagine that you are the 70-year-old owner of a whole life insurance policy in the amount of $100,000. You bought the policy at the age of 25, have been making payments on the policy for the last 45 years, and are up-to-date in your payments. The cash value of your policy is approximately $40,000. If you die at this point, how much money will your beneficiary receive?

$40,000
$60,000
$100,000
$140,000
$160,000

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