Please answer both If a person purchased a $75,000 HO3 policy for his or...
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Please answer both
If a person purchased a $75,000 HO3 policy for his or her single residential house, his or her property losses up to Select one: a. $75000 could be covered b. $100000 could be covered O c. $125000 could be covered d. $142500 could be covered Indicate the death benefit the beneficiary receives after income taxes on a whole life policy with the following values. Policy loan: $1000000, Policy Dividend: $500000, Cash Value: $2000000, Policy Face Value: $5000000, Premiums Paid: $1250000, Marginal Income Tax Bracket of Beneficiary 30% Select one: a. $2800000 b. $3150000 c. $4000000 d. $4500000 e. $6500000
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