Business, 09.04.2020 02:01 bbyitskeke7160

Bob Shockey borrowed $25,000 from his $250,000 cash value life insurance policy to send his daughter to private college. Assuming he pays interest as in accrues, if Bob dies before the debt is repaid his beneﬁciary will receivea. $275,000.b. Taxable income. c. $250,000.d. S 25,000.e. $225,000.

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Bob Shockey borrowed $25,000 from his $250,000 cash value life insurance policy to send his daughter...