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Life Insurance What are the general rules for the federal income tax treatment of each of the following: 1. Death proceeds distributed in a lump

Life Insurance

What are the general rules for the federal income tax treatment of each of the following:

1. Death proceeds distributed in a lump sum?

2. Policy Dividend?

3. The inside build-up or accumulation of a policys cash value?

4. Policy loans?

5. The impact of a loan or distribution of MEC (Modified Endowment Contract)?

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