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A 30 year old purchases a $100,000 whole life policy for an annual premium of $2,000. After 10 years the policyholder dies and the insurer
A 30 year old purchases a $100,000 whole life policy for an annual premium of $2,000. After 10 years the policyholder dies and the insurer pays $100,000. How much of the policy proceeds are taxable income?
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