Life insurance proceeds:
A) Are generally included in gross income.
B) Are included in gross income if they are qualified accelerated benefits received before the death of the insured and used for long-term care.
C) Are never taxable.
D) Are included in gross income in full if they are received as periodic payments with interest.
E) Generally are excluded from gross income.
Correct Answer:
Verified
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A)Fully includable
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