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Which of the following will cause the death benefit of a life insurance policy to be taxable? O a. The insured purchases his/ her policy
Which of the following will cause the death benefit of a life insurance policy to be taxable? O a. The insured purchases his/ her policy from their corporation. b. A viatical company purchases the policy from the insured. O c. The insured exercises their accelerated death benefit option. O d. The insured gifts the policy to his daughter. (spouse is the insured)
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