Business, 30.11.2019 02:31 ROBIOX5934

An individual has been diagnosed with alzheimer's disease. he is insured under a life insurance policy with the accelerated benefits rider. which of the following is true regarding taxation of the accelerated benefits? a) a portion of the benefit up to a limit is tax free; the rest is taxable income. b) principal is tax free, but interest is taxed. c) the entire benefit will be received tax free. d) the entire living benefit is considered taxable income.

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An individual has been diagnosed with alzheimer's disease. he is insured under a life insurance poli...