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Posted on Jul 25, 2024

. Assuming the insured person owns the policy at death, which of the following statements about life insurance death benefits payments to beneficiaries is correct?

A. Beneficiaries pay capital gains taxes on life insurance death benefits

B. Beneficiaries pay estate taxes on life insurance death benefits

C. An insured may deduct life insurance premiums under all circumstances

D. Beneficiaries and an insureds estate split the taxes on death benefits

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