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A group life insurance plan must provide a death benefit tha…

A group life insurance plan must provide a death benefit that meets the definition of a life insurance contract.

Published September 16, 2024
Categorized as Uncategorized

Given the current size of the federal estate tax exemption,…

Given the current size of the federal estate tax exemption, estate tax inclusion of a policy is a concern for most purchasers of life insurance.

Published September 16, 2024
Categorized as Uncategorized

Variable annuities are taxed in the same manner as mutual fu…

Variable annuities are taxed in the same manner as mutual funds.

Published September 16, 2024
Categorized as Uncategorized

Under ATRA, the estate, gift, and GST exemption is now:

Under ATRA, the estate, gift, and GST exemption is now:

Published September 16, 2024
Categorized as Uncategorized

Which of the following about Indexed Universal Life is corre…

Which of the following about Indexed Universal Life is correct?

Published September 16, 2024
Categorized as Uncategorized

Viatical and life settlements are amounts received from a th…

Viatical and life settlements are amounts received from a third party who purchases the life insurance policy of an insured.

Published September 16, 2024
Categorized as Uncategorized

The annual payout from a charitable remainder annuity trust…

The annual payout from a charitable remainder annuity trust (CRAT) to a non-charitable beneficiary may not exceed what percentage of the initial fair market value of the property contributed to the trust?

Published September 16, 2024
Categorized as Uncategorized

Premiums for survivorship life policies are lower than for e…

Premiums for survivorship life policies are lower than for equivalent coverage in two separate policies.

Published September 16, 2024
Categorized as Uncategorized

An individual is classified as terminally ill if he/she has…

An individual is classified as terminally ill if he/she has 5 years or less to live.

Published September 16, 2024
Categorized as Uncategorized

Most CAWL policies __________________.

Most CAWL policies __________________.

Published September 16, 2024
Categorized as Uncategorized

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