Which of the Following Statements Is True

question 60

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 five 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:

Gold Futures

Standardized contracts to buy or sell gold at a specified future date and price, used by investors for hedging and speculative purposes.

Long Position

An investment strategy where an investor buys securities with the expectation that they will rise in value over time.

Agricultural Futures

Contracts to buy or sell agricultural commodities at a predetermined price at a specified time in the future, used for hedging or speculating on the price movement of these commodities.