Multiple Choice
The proceeds from a group life insurance policy may be removed from the insured's gross estate by assigning the ownership interests to __________.
A) Their spouse
B) Their adult child
C) An irrevocable trust
D) All of the above
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q34: Life insurance policy withdrawals and loans are
Q35: If an employee earns $40,000 in annual
Q36: If an individual owns a life insurance
Q37: Corporate owned life insurance, or COLI, is
Q38: The interest that is credited to a
Q40: If an annuity owner passes away prior
Q41: Voluntary group life insurance plans, or those
Q42: Based on IRS rules, if an individual
Q43: Most withdrawals from life insurance policy cash
Q44: The types of insurance premiums that count