Multiple Choice
Which of the following statements is true?
A) The proceeds of life insurance policies are tax free after they have been in force for at least five years.
B) The proceeds of life insurance policies are tax free after they have been in force for at least 10 years.
C) The proceeds of life insurance policies are tax free after they have been in force for at least 15 years.
D) The proceeds of life insurance policies are always taxed.
Correct Answer:
Verified
Correct Answer:
Verified
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