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6. Explain the federal income tax treatment of a cash- value policy with respect to each of the following: a. Payment of premiums b. Annual

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6. Explain the federal income tax treatment of a cash- value policy with respect to each of the following: a. Payment of premiums b. Annual dividends c. Annual increase in the cash value d. Payment of death proceeds to a stated beneficiary 7. Explain the federal estate-tax treatment of life insur- ance death proceeds

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