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How is Cost Basis calculated on a permanent policy (Universal or Whole Life)? It is the total of premiums paid, less the Cost of Insurance

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How is Cost Basis calculated on a permanent policy (Universal or Whole Life)? It is the total of premiums paid, less the Cost of Insurance It is the premiums paid, less the cash surrender charges It is the total cash value accumulation It is the total premiums paid into the policy

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