Examlex
Which of the following is not characteristic of the "living" Constitution?
Life Insurance
Life Insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.
Taxable
Referring to income or transactions that are subject to taxation by government authorities.
Social Security Benefits
Payments made to qualified individuals from the Social Security Administration, typically for retirement, disability, or survivorship.
Tax-Exempt Interest
This is interest income that is not subject to federal income tax, and in some cases, state or local taxes. Such interest is often earned from bonds issued by municipal, state, or other government entities.
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