John Jones has elected to permit the dividends under his participating whole-life contract to accumulate but is
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John Jones has elected to permit the dividends under his participating whole-life contract to accumulate but is concerned because a friend informed him that this subjects the dividends to taxation. Advise Jones regarding the taxation of dividends left to accumulate with the insurer.
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Related Book For 
Fundamentals Of Risk And Insurance
ISBN: 978-1118534007
11th Edition
Authors: Emmett J. Vaughan ,Therese M. Vaughan
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