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13. Mr. Ralph took out a 10-year term policy with a face value off dollars. Over the lifetime of the policy, he pays monthly payments of m dollars. He dies after 12 years. How much will his family receive
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13. Mr. Ralph took out a 10-year term policy with a face value off dollars. Over the lifetime of the policy, he pays monthly payments of m dollars. He dies after 12 years. How much will his family receive

from the insurance company?

User Jose
by
8.3k points

1 Answer

4 votes

Answer:

0

Explanation:

There will be no death benefit. The policy expired after 10 years.

User Shannel
by
8.3k points
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