Which of the Following Statements Is True

question 13

Multiple Choice

Which of the following statements is true?

• A) The proceeds of life insurance policies are tax free after they have been in force for at least 5 years.
• B) The proceeds of life insurance policies are tax free after they have been in force for at least 10 years.
• C) The proceeds of life insurance policies are tax free after they have been in force for at least 15 years.
• D) The proceeds of life insurance policies are always taxed.

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Definitions:

Middle-Aged Adults

Individuals typically between the ages of 40 and 65, often experiencing transitions in health, work, and family roles.

"Sandwich" Generation

Adults who are simultaneously caring for their aging parents and their own children, feeling "sandwiched" between these responsibilities.

Adult Daycare

A service providing supervised care and social opportunities for elderly or disabled adults during the day.

Mental Changes

Alterations in cognitive function, mood, or behavior, which can be due to a variety of factors including illness, injury, or psychological conditions.