QuestionMay 24, 2025

Which of these is considered a major tax ad Ivantage of life insurance? A. Premiums are tax deductible by an employee if paid for by an employer B. Annual earnings are tax free C. Tax credits are available for life insurance premiums paid D. Income taxis typically not owed on proceeds paid directly to a beneficiary

Which of these is considered a major tax ad Ivantage of life insurance? A. Premiums are tax deductible by an employee if paid for by an employer B. Annual earnings are tax free C. Tax credits are available for life insurance premiums paid D. Income taxis typically not owed on proceeds paid directly to a beneficiary
Which of these is considered a major tax ad Ivantage of life insurance? A. Premiums are tax deductible by an employee if paid for by an employer B. Annual earnings are tax free C. Tax credits are available for life insurance premiums paid D. Income taxis typically not owed on proceeds paid directly to a beneficiary

Solution
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Answer

D. Income tax is typically not owed on proceeds paid directly to a beneficiary Explanation 1. Identify tax advantages of life insurance Life insurance proceeds paid directly to a beneficiary are typically not subject to income tax.

Explanation

1. Identify tax advantages of life insurance<br /> Life insurance proceeds paid directly to a beneficiary are typically not subject to income tax.
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