What percent of personal life insurance premiums is usually deductible for federal income tax purposes?
100%
75%
50%
0%
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K is looking to purchase Renewable Term insurance. Which of these types of Term insurance may be renewable?
Increasing
Decreasing
Adjustable
Level
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When a policyowner cash surrenders a Universal Life insurance policy in it’s early years, this may be considered a red flag for a(n):
Federal Fair Credit Act Violation
Title 18 Fraud violation
Anti-Money Laundering violation
Unfair Trade Practice violation
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P is looking to purchase a life insurance policy that will pay a stated monthly income to his beneficiaries for 20 years after he dies and a lump sum of $20,000 at the end of that 20 year period. What type of policy should P purchase?
Family Benefit policy
Family Maintenance policy
Family Income policy
Family Survivor policy
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