Identify Which of the Following Statements Is False

question 59

Multiple Choice

Identify which of the following statements is false.

• A)Life insurance can help provide liquidity for paying estate taxes.
• B)Life insurance has the potential for large appreciation.
• C)The insured does not have to be the owner of the policy.
• D)Life insurance is always part of the estate of the insured.

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Definitions:

Unconscionable

Ridiculously inadequate.

Forbearance

The act of refraining from enforcing a right, obligation, or debt, often temporarily and under specific conditions.

Accord and Satisfaction

A legal agreement where a dispute is settled by the parties involved, and a payment is made that is accepted as full resolution.

Bankruptcy

A legal process for individuals or entities that cannot repay their outstanding debts, allowing for their assets to be distributed among creditors.