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Regarding Allison's life insurance policy, life insurance proceeds are exculded from tax. Therefore, ?the $1,200,000 face value of the policy is excluded as it is
Regarding Allison's life insurance policy, life insurance proceeds are exculded from tax. Therefore, ?the $1,200,000 face value of the policy is excluded as it is received. However, the earnings on the ?policy during the time it is held by the insurace company are not exculdable. The total interest earned ?is [ A ]. As each payment on the policy is recieved, you will exclude[ B ] and include[ C ].
I need to find A, B, and C.
Please help me. Thank you!
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