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Which of the following is INCORRECT regarding whole life insurance? (Choose from the following options) 1. Cash value exceeding the premiums paid is taxable. 2.

Which of the following is INCORRECT regarding whole life insurance? (Choose from the following options) 1. Cash value exceeding the premiums paid is taxable. 2. Premiums are not tax deductible. 3. Dividend interest is taxable. 4. Policy loans are tax deductible

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