Question

Your crazy uncle is establishing his beneficiaries for his life insurance policy. The policy is for $150,000.00 and 1 half will go to his daughter, 3 over 8 will go to his favorite nephew, and the rest will go to his only grandson. What dollar amount will go to his grandson?

Answer 1

Answer:Mae Li is beneficiary of a $70,000 insurance policy on her father's life. Upon his death, she elects to receive the proceeds in installments from the insurance company that carries the policy. She will receive $16,000 per year for five years.

Explanation: