Practice question
With ten qualifying paid years and PHP 2,400,000 in counted payments, what cash surrender value results under Section 3?
- PHP 1,800,000
- PHP 1,200,000
- PHP 1,320,000
- PHP 2,160,000
- PHP 2,400,000
Legal references
- RA6552, Sections3-7: https://lawphil.net/statutes/repacts/ra1972/ra_6552_1972.html
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