An individual owns a le intrance policy with an investment in the contract of $75,000 and a cash value of $125.000. Over time, the individual withdraws $85.000 from the contrace How much of the withdrawal will the individual be required to recognize for income tax purposes. Select one O. 50 Ob $10,000 OC $50.000 Od $85,000 Life insurance companies and insurance regulators may use any of the following terms to describe accelerated death benefit provisions except Select one O a accelerated death benefit OD Iiving needs benefit Oc wavier at premium Od living payout option Advantages of using life insurance funding in a buy-sell agreement include all of the following except Select one o the event that creates the need for cash also results in the cash becoming available Oh the cost is relatively low Oc premiums to keep the coverage in effect we deductible as a business experie O a univors of the deceased shareholder can be freed from hinancial dependence on a buses that has just lost a key employee