Except in the Case of Qualifying Accelerated Death Benefits,if a Life

question 109

True/False

Except in the case of qualifying accelerated death benefits,if a life insurance policy is sold or surrendered for a lump sum before the death of the insured,the amount received is taxable to the extent it exceeds the premiums paid.

---

Definitions:

Phobic Cues

Specific stimuli that trigger an intense fear or phobia in an individual.

Deep Muscle Relaxation

A technique aimed at reducing physical tension and stress by systematically tensing and then relaxing specific muscle groups.

Cognitive Therapy

A form of psychological therapy that focuses on changing unhelpful or unhealthy thought patterns to improve emotional and mental health.

Maladaptive Behaviours

Actions or tendencies that are counterproductive to individuals' wellbeing or goals, often used in the context of psychological health.