Which of the Following Statements Is False Concerning the Taxation

question 1

Multiple Choice

Which of the following statements is false concerning the taxation of life insurance?

• A) Beneficiaries receive death benefits free from any federal taxation.
• B) The value of the life insurance death benefit is always included in the insured's estate.
• C) If a non-insured/owner dies, the value included in the decedent's estate is approximately the cash value of the insurance contract.
• D) Interest earned on settlement proceeds is taxable.

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