# Frank owns and is insured by a participating whole life insurance policy with a death benefit of \$85,000, including \$35,000 of paid-up additions to the face amount. His basis in the policy is \$30,000. The beneficiaries are his daughter and son, equally. If he were to die today, what amount of this policy would be valued in Frank’s estate?

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## Frank owns and is insured by a participating whole life insurance policy with a death benefit of \$85,000, including \$35,000 of paid-up additions to the face amount. His basis in the policy is \$30,000. The beneficiaries are his daughter and son, equally. If he were to die today, what amount of this policy would be valued in Frank’s estate?

A) 85000

B) 50000

C) 0

D) 55000

Answer: 85000

The above question Frank owns and is insured by a participating whole life insurance policy with a death benefit of \$85,000, including \$35,000 of paid-up additions to the face amount. His basis in the policy is \$30,000. The beneficiaries are his daughter and son, equally. If he were to die today, what amount of this policy would be valued in Frank’s estate?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.