_____ 18 If a Beneficiary of a Life Insurance Policy Receives

question 39

True/False

_____ 18. If a beneficiary of a life insurance policy receives the insurance proceeds over time in installments, then each installment received is fully taxable.

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Definitions:

Assertive Behaviours

Actions characterized by confidence and self-assurance, through which individuals express their needs and rights without infringing on others'.

Humanist

A person who adopts a philosophical and ethical stance emphasizing the value and agency of human beings, individually and collectively.

Passive

Lacking in active response or involvement; allowing or subject to action without opposition or resistance.

Environmental Circumstances

The context or conditions in one's surroundings, including social, cultural, and physical environments, that influence outcomes and opportunities.