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help me The tax advantage at death in a life contract versus an annuity contract is: A) that life policy death benefits are taxed as
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The tax advantage at death in a life contract versus an annuity contract is: A) that life policy death benefits are taxed as capital gains while annulty death benefits are taxed as ordinary income B) that the death benefit is income tax free, up to the original face amount, with only the amount over belng taxed in the life policy, while alf the earnings in the anmuity are taxed to a benefliclary C) that there are no real tax differences concerning death benefits in either contract D) that annulity death benefits are toxed as ordinary income while life policy death benefits are generally tax free Which of the following statements regarding the transfer of funds between financial instruments is TRUE? A) An exchange refers to the transfer of funds between qualified insurance or annuity contracts, only with the B) An annuity contract used in funding an IRA does not qualify for rollover treatment. C) A rollover is the transfer of funds between non-qualified retirement accounts or plans. D) The shifting of nonqualified noninsurance funds from one account to another is termed an asset transfer Step by Step Solution
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