
Individual Income Taxes
43rd Edition
ISBN: 9780357109731
Author: Hoffman
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Benifecry policy probl

Transcribed Image Text:An insured purchased a 15-year level term life insurance policy with a face amount of
$100,000. The policy contained an accidental death rider, offering a double indemnity
benefit. The insured was severely injured in an auto accident, and after 10 weeks of
hospitalization, died from the injuries. How much will the beneficiary receive from the
policy?
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