For tax purposes a life insurance dividend is considered
A) a partial return of premium and is therefore not taxed.
B) the same as a stock dividend.
C) the same as a capital gain.
D) an adjustment to gross income.
Correct Answer:
Verified
Q23: A contingent beneficiary
A)will always share in the
Q24: The surrender value on a life insurance
Q25: A premium is
A)the increase in cash value
Q26: If a life insurance policy is renewable,
A)the
Q27: The premium on a life insurance policy
Q29: Which policy pays out at the first
Q30: The cash value on a life insurance
Q31: Only a few stock life insurance companies
Q32: The "beneficiaries" named on an insurance policy
Q33: A "single" life policy
A)only covers one life.
B)only
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