Question 34 2. pts In which of the following situations would a traditional whole life insurance policy be most appropriate? To provide a death benefit for long term needs such as the need to guarantee a life income for a surviving spouse To provide a death benefit only if death should occur within a short period of time after purchase of the policy When the policyowner desires to control the investments within the cash value of the policy When the policyowner desires maximum flexibility in modifying the premium payments and death benefit depending upon life circumstances Puestion 35 Question 35 Mark's grandfather has a $50,000 life insurance policy with $28,000 in CV. Mark is named as the beneficiary. If Mark's grandfather dies during the current year, what amount of the $50,000 death benefit is included in Mark's taxable income? SO $50,000 $28,000 $22.000 Andy has $100.000 eurance policy on her life with a shahee of $12,000. During 2018, the cash value increased by $1.250 and the policy earned a dividend of $550. What amount of taxable income must Judy report on her income tax return for 2018 Assume no withdrawal of cash value have been made and the dividend was used to purchase paid up additional O $1.250 O $550 $1,800