Exam (elaborations)
Combo with CA LIFE STATE PRACTICE EXAM PT 2(FROM EXAM FX ONLINE TEST) and 1 other QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS
- Course
- Institution
Life insurance death proceeds are correct answer: Generally not taxed as income. A policyowner surrendered a non-participating whole life policy for $10,000 cash value. The policyowner had at that time paid premiums totaling $8,000. The federal income tax effect would be correct answer: $2,000...
[Show more]