In a universal life policy with a guaranteed interest rate of 5% and a current interest rate of 9%, what would be the dollar amount of the annual policy load generated by not paying excess interest on the first $1,000 in the cash value account?

In a universal life policy with a guaranteed interest rate of 5% and a current interest rate of 9%, what would be the dollar amount of the annual policy load generated by not paying excess interest on the first $1,000 in the cash value account?




Answer: $40

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